New Delhi, July 15 -- Global aluminium prices are expected to stay firm in the first half of FY27, hovering between USD 3,000 and USD 3,300 per tonne, as supply tightness persists due to the delayed restart of idled smelters, 360 ONE Capital said in a report.

The report noted aluminium prices surged 43 per cent YoY in 1QFY27, averaging ~USD 3,535/tonne, which further reflects an increase of 11 per cent on QoQ. Additionally, LME aluminium prices also surged to around USD 3,500/t before correcting from their peak levels.

As per the report, "The recent rally in aluminium prices has been driven primarily by the geopolitical crisis in West Asia."

The report attributed the recent supply tightness to the shutdown of major aluminium smelting c...