DBT Bureau
Pune, 14 Jan 2026
According to Kedia Advisory, aluminium prices moved higher, settling 0.38% up at ₹318.45, supported by persistent global supply tightness and improving demand sentiment. The global primary aluminium market remained in deficit, with supply falling short of demand by 108,700 tonnes in October, taking the cumulative shortfall for the first ten months of the year to 955,500 tonnes. During this period, global production of 61.22 million tonnes lagged consumption of 62.17 million tonnes, reinforcing expectations of a structurally tight market. Sentiment was further bolstered by optimism around China’s economic outlook after Beijing signaled continued policy support. China’s central bank reaffirmed plans to cut reserve requirement ratios and interest rates in 2026, maintain ample liquidity, and strengthen counter-cyclical measures to support domestic demand. At the same time, authorities reiterated their commitment to preventing overcapacity in metals, effectively limiting output growth as China nears its 45-million-tonne production cap. This has curbed exports, which fell 9.2% year-on-year in November, while expansion plans abroad face challenges from high energy costs and regulatory risks. On the inventory front, SHFE stocks rose 10.8%, offering some near-term cushion, though aluminium inventories at major Japanese ports declined 5.2%. Technically, the market is under short covering, with open interest down 6.64% as prices edged higher.
NALCO shares have gained about 16.6%, rising from a closing price of ₹314.50 on January 1 to ₹366.60 currently, reflecting strong upward momentum in the stock.
Hindalco Industries shares have risen about 6.3%, climbing from a closing price of ₹895.00 on January 1 to ₹951.45 currently, indicating steady gains in the stock.
Vedanta Ltd shares have gained around 12.7%, rising from a closing price of ₹602.20 on January 1 to ₹678.55 currently, reflecting strong upward movement in the stock.
(Disclaimer: The information is for educational purposes only. Please consult your financial advisor before investing in stocks)
