According to commodity price trackers, India’s aluminium futures on MCX were quoted around ₹314.8/kg on early trade on 04 Feb 2026, reflecting mixed global cues and local demand dynamics.
👉 Source: Economic Times MCX aluminium data — https://economictimes.indiatimes.com/commoditysummary/symbol-ALUMINIUM.cms?utm_source=chatgpt.com

Summary :

Metals are surging in 2025 amid tightening supply, robust industrial demand, and a structurally weakening U.S. dollar. Gold, silver, and platinum shine as safe-haven and investment assets, while copper, zinc, and aluminium benefit from green economy momentum. With inventories shrinking and the Fed leaning dovish, metals remain bullish—while the dollar clings to critical support, facing mounting macro and technical pressures.

Commodity radar: Aluminium slips on Trump’s fresh tariff salvo. Opportunity to make up to 4% near-term gains. Here’s how 

Aluminium prices slipped on MCX after Trump’s fresh 50% tariff on derivatives, though slower Chinese output and EU demand provide support. Experts suggest a buy-on-dips strategy between Rs 250–251, targeting Rs 258–260, with stop-loss below Rs 246 amid near-term volatility.

Article Link :

https://economictimes.indiatimes.com