Aluminium prices have surged to record ₹375/kg in India and four-year highs on the London Metal Exchange (LME). The increase is driven by robust demand from sectors such as construction and automotive, alongside supply disruptions and rising energy costs. Geopolitical tensions, particularly in the Middle East, have added a risk premium to aluminium prices, amplifying market volatility. The global supply-demand scenario remains tight, with major producers facing rising energy costs and stricter environmental regulations, limiting output growth. China, as the largest consumer, plays a pivotal role, with its demand bolstered by infrastructure projects and stimulus measures. Additionally, the US defence sector may contribute to increased aluminium consumption due to rising military needs. Overall, prices are expected to remain elevated for the rest of the year, influenced by geopolitical risks, energy market fluctuations, and speculative trading.