International aluminium prices have surged past 3,400 dollars per tonne amid fears of supply disruptions from the West Asia crisis, offering short-term gains to Indian primary producers but posing long-term challenges through rising input costs, the Federation of Indian Mineral Industries (FIMI) said on Tuesday. Alba has declared force majeure and temporarily halted shipments, while the Qatalum smelter in Qatar has declared a restricted shutdown. ADVERTISEMENTThe region accounts for nearly 8-9 per cent of global aluminium production, a senior official of FIMI said. Nalco has lined up an investment of Rs 30,000 crore to set up a new aluminium smelter and a coal-based power plant over the next five years. Out of this, Rs 18,000 crore has been earmarked for the smelter, and Rs 12,000 crore will be spent on the thermal power plant.

Source: The Telegraph March 10, 2026 12:10 UTC