Aluminium Prices Soar: Hindalco, Nalco, Vedanta Surge Amid Middle East Supply Concerns

• Shares of Hindalco, Nalco, and Vedanta rose 2.5% to 5.5% on March 30 as global aluminium prices neared four-year highs.
• Iranian strikes damaged key Middle East production facilities, including Emirates Global Aluminium and Aluminium Bahrain, causing supply concerns.
• West Asia accounts for 8-9% of global aluminium output; disruptions benefit Indian primary producers.
• The closure of the Strait of Hormuz had already disrupted raw material supply, exacerbating fears of production cuts.
• Analysts warn prices could surpass the 2022 peak if Strait of Hormuz constraints continue, with some producers already cutting output.