New Delhi, March 10 -- National Aluminium Co. Ltd's (Nalco) shares are up more than 8% since the West Asia conflict began as some aluminium producers in the region have been forced to suspend operations, creating a supply shortage. Consequently, the aluminium spot price has risen to about $3,400 per tonne on the London Metal Exchange (LME), the highest since May 2022 and up about 8% since 27 February. Average prices so far in the March quarter are up about 19% year-on-year.

Among the companies impacted is Aluminium Bahrain BSC, which has declared force majeure on its aluminium shipment following shipping disruptions through the Strait of Hormuz. Force majeure is a legal clause that allows a company to cancel or delay its contracts withou...