New Delhi, May 14 — Aluminium prices surged by Rs 3.75 to Rs 234.60 per kilogram on Wednesday in the futures market, driven by renewed buying interest and a firm trend in the spot market.
According to data from the Multi Commodity Exchange (MCX), aluminium contracts for June delivery rose by 1.56 percent in a volume of 987 lots, signaling increased participation by speculators.
Analysts attributed the uptick to fresh positions taken by traders, supported by growing demand from key consuming industries. The rebound in industrial activity and improved market sentiment contributed to the metal's positive outlook.
Aluminium remains a crucial input for sectors like construction, transportation, and packaging, and price movements often reflect shifts in broader economic demand.
