Aluminium’s spectacular rally in India: What’s driving the rally above ₹320/kg and what lies ahead

January 17, 2026

India’s aluminium prices hit record highs in early 2026, tracking LME’s surge above $3,000/ton, driven by tight global supply, China’s capacity limits, high energy costs, tariffs, and strong Indian demand, keeping domestic premiums elevated and outlook volatile through the year.

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