What rising crude and aluminium prices mean for India

June 3, 2026

Geopolitical tensions in West Asia are driving up oil and aluminium prices. This benefits upstream oil explorers while squeezing oil marketing companies. Analysts see a potential new commodity upcycle. Aluminium prices are expected to peak next year. China’s demand remains a key factor for global commodities. Investors are watching for government decisions on windfall taxes.

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ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain ahead

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