NALCO Shares Touch Record Levels as Aluminium Prices Remain Elevated

Shares of National Aluminium Company Ltd. (NALCO) advanced sharply on January 6, 2026, tracking continued strength in global aluminium prices. 

The rally reflects improving sentiment around the metal, driven by supply-side limitations and a stable demand outlook from key end-use sectors. 

The stock extended its recent upward momentum, reaching new record levels during intraday trade.

Aluminium Prices in the Global Market

Aluminium prices have remained firm in international markets, with London Metal Exchange prices recently crossing the $3,000 per tonne mark for the first time since 2022.

The uptrend has been supported by restrictions on smelting capacity in China and production challenges in Europe, where higher power costs have constrained output.

Recent Performance of NALCO Shares

NALCO shares gained up to 6% during Tuesday’s session, marking the fourth consecutive day of gains. The stock has advanced in five of the last six trading sessions, reflecting sustained buying interest. During intraday trade, the shares touched a high of ₹350.35 before easing slightly.

Demand Outlook and Market Drivers

Demand expectations from construction, renewable energy, and infrastructure segments have contributed to the positive outlook for aluminium, as per news reports.

Tighter global inventories, combined with stable consumption prospects, have supported prices, which in turn have influenced sentiment around aluminium producers.

Medium-Term Stock Performance

At around ₹346.8, NALCO shares were trading about 4.8% higher on the day. Over the past month, the stock has risen by approximately 30%, while gains over the last 12 months stand at around 74%.

Read More: Hindustan Zinc Share Price Rise 2% as Silver Prices and Silver ETFs Surge.

Conclusion

NALCO’s recent share price movement mirrors broader trends in the global aluminium market, where supply constraints and steady demand have kept prices elevated. 

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