Commodities

MCX Aluminium is quoted in rupees per kilogram. An Aluminium Mini contract is also available for smaller positions.

Aluminium is widely used in packaging, automobiles, aircraft, construction and power transmission because it is lightweight and corrosion-resistant.

Aluminium smelting is highly power-intensive. When electricity or coal costs rise, production costs go up, which can push prices higher.

Yes. India is one of the world’s largest aluminium producers, so domestic production, power costs and export demand also influence local prices.

Aluminium is cheaper and lighter than copper, so it is sometimes used in its place, such as in power cables. When copper prices rise sharply, demand for aluminium as a substitute can increase.

Chinese production and export policies, global demand, inventory levels on international exchanges and the USD-INR rate all play a role.