Aluminium Supply Disruptions Drive Prices Higher Amid Global Turmoil

The global aluminium market is experiencing tight supply conditions, leading to higher prices. According to Kedia Advisory, the trading range for Aluminium OCT on MCX is between 346.2 and 350.2.

Kedia Advisory observes that despite a 1.7% year-over-year decline in August, global aluminium output has been impacted by supply chain disruptions, particularly from the US-Iran war, which has led to a 44% year-on-year drop in GCC production in July.

Copper and Zinc prices are also under scrutiny. Copper's trading range on MCX is between 1411.6 and 1428, while Zinc's range is between 414.5 and 435.7.