Aluminium stocks such as Hindalco Ltd. , Nalco Ltd. and Vedanta Ltd. gained over 3% on Friday, October 24, as Aluminium prices on the London Metals Exchange (LME) crossed the mark of $2,850 per tonne.

Prices of the metal have been on an upswing due to the tight supply and demand dynamics globally. In addition to this, a smelter in Iceland going out of supply, affecting production worth 100 kt, and prospects of global monetary easing are also supporting prices.

Meanwhile, shares of US-listed Alcoa Corp gained 12% overnight. This, after the company's CEO William Oplinger, said that the current Aluminium prices, in combination with the Midwest premia fully cover the tariff impact.

The Midwest Premium refers to the additional cost added to the base price of Aluminium, specifically for

See Full Page