Indian aluminium producers rise after prices hit over 4 year high

HindalCo Industries

27/05/2026 05:08

** Shares of Indian aluminium producers, Hindalco HALC.NS and National Aluminium Company (NALCO) NALU.NS rise 4.10% and 2.9% 
** Nifty Metal .NIFTYMET sub index was up 1.36%
** Aluminium prices hit their highest in more than four years on Tuesday, as rising prices for the feedstock alumina added to persistent concerns about a tightening market amid reduced supply from Gulf producers
** The Middle East conflict has triggered the largest aluminium supply shock in at least 50 years, analysts at Citi said in a note last week, accelerating inventory drawdowns of around 3 million tons this year from already historically low levels and prompting strong futures buying
** India's state-owned NALU is the largest producer of aluminium oxide in the country and is used in the production of the metal
** HALC, India's one of the biggest aluminium and copper producer was the biggest gainer on the benchmark Nifty 50 index .NSEI
** YTD, HALC and NALU's rise 28% and 36% respectively beating sub-index's 21% jump 

(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com;))