India, March 31 -- Aluminium is defying a broader commodities slump, charging toward its most significant monthly gain in nearly two years. Three-month futures on the London Metal Exchange climbed to $3,470.15 per tonne on Tuesday, marking a 0.80% daily increase and locking in a massive 10% surge for March 2026.

This rally represents the metal's strongest monthly performance since April 2024. While other base metals face a sharp sell-off amid global economic uncertainty, aluminium remains a stark outlier, bolstered by tightening supply and geopolitical volatility.

Why aluminium is surging while other metals fall A widening Middle East conflict has triggered a decoupling in the metals market, sending aluminium prices soaring while other ...