Aluminium prices on the London Metal Exchange jumped as much as 6% in early trading to around $3,492 per tonne, following fresh geopolitical developments in the region. The spike comes after reports of attacks impacting key aluminium production facilities in the Middle East, raising concerns over potential supply disruptions.

The Middle East plays a crucial role in global aluminium production, and any disruption to operations or logistics in the region is seen as a significant risk to supply. Reports indicate that major producers have faced operational challenges and are assessing damage at their facilities, adding to uncertainty in the global metals market.

The ongoing conflict had already tightened supply conditions, with issues around transportation and availability of raw materials affecting output. The latest escalation has further intensified concerns that supply disruptions could persist for a longer period, even if key trade routes stabilise.

Reflecting these global cues, NALCO shares rose to ₹393.60, up ₹22.60 or 6.09% as of 9:47 AM. The stock opened at ₹380.00 and touched an intraday high of ₹393.85, compared to its previous close of ₹371.00.

Trading volumes remained strong at over 1.04 crore shares, with an average traded price of ₹388.42. The stock's 52-week range stands between ₹137.75 and ₹431.50.

The sharp move in NALCO shares comes in line with gains seen across global aluminium-linked stocks, as rising commodity prices tend to benefit producers and exporters in the sector.