Aluminium prices remain elevated amid persistent geopolitical tensions in the Middle East, with prolonged supply disruptions and concerns over tighter global inventories keeping sentiment firmly bullish. The supply shortages are acting as structural tailwinds, and any further escalation in the US-Iran conflict could trigger sharp spikes in prices due to already depleted global stockpiles.
May aluminium contracts were trading higher on the MCX around 2:30 pm, rising by 0.4% to hit the day's high of Rs 382.85 per kg.
