Stock Exchange
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...
Grow with
AL Circle
Price
→Events
Business Cards
A report that reveals where the aluminium casting industry is heading and how businesses can act.
LEARN MORE
A report that reveals where the aluminium casting industry is heading and how businesses can act.
LEARN MOREEurope’s 9M 2026 aluminium production jumps to 5.56Mt as smelter restarts gain ground
Europe’s recycled aluminium production: Germany, Italy and the UK anchor a competitive market
Global EV sales to hit 35.4 million by 2030, with aluminium usage forecast to rise 38% in North America & 79% in China
AL Circle analysis: How do Germany’s 32.8% automotive aluminium share, 40% Diet Coke can price rise & 3.54Mt North American extrusion demand matter?
AL Circle Analysis: Guinea’s 150Mt bauxite cap, China’s import swings, US tariffs draw aluminium Q4’26
Blog
LATEST POSTS
Turn marketplace visibility into more relevant buyer enquiries.
View Priority Plans
Turn marketplace visibility into more relevant buyer enquiries.
View Priority Plans
