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Energy is the single biggest variable in aluminium cost structures, says Praveena Rai, MD & CEO of MCX
India’s aluminium pricing mechanism has gained immense prominence, and its major credit goes to the Multi Commodity Exchange of India Limited, as they are playing a central role in improving domestic price discovery. Today, AL Circle is in conversation with an eminent personality from that esteemed organisation, Ms Praveena Rai, Managing Director & CEO of MCX. Ms Rai has candidly weighed in on the ongoing price volatility, attributing it not only to the Middle East geopolitical crisis but also to other structural factors. For instance, energy contributes to about 35 per cent of production costs but is now undergoing inflation and translating it into high aluminium prices. According to her, the taker of this volatile primary aluminium price is the downstream producers who are operating...
Key takeaway from Global Commodity Conclave 2026 - Oil shocks, supply risks and shrinking stocks keep aluminium prices volatile in 2026
Price volatility has emerged as one of the most pressing issues for the global aluminium industry in 2026. India, experiencing the same, is also facing the additional impact of currency movements and rising domestic costs. This is the issue being prominently featured at the three-day conference Global Commodity Conclave 2026, organised by the Multi Commodity Exchange of India (MCX). Among many key insights regarding aluminium price shocks, the most interesting takeaway was the aluminium market’s sensitivity to the surge in crude oil prices and supply disruptions arising from the Middle East conflict. According to S&P Global, the rise in oil prices due to the Middle East conflict has translated into an aluminium price increase. As per the American publicly traded corporation, LME aluminium...
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15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ALUMINIUM Arabia 2026
ICSOBA 2026 - 44th International Conference and Exhibition
15th International Bauxite, Alumina & Aluminium Conference & Exhibition - IBAAS–VFMSTA 2026
ALUMINIUM Arabia 2026
ICSOBA 2026 - 44th International Conference and Exhibition
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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German downstream aluminium exports fall 13% in H1 2026 but US enters top 5 with 228.1% import surge
Caustic soda plant setup in India: How aluminium growth is reshaping demand, costs and opportunities
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