Shares of India’s aluminium and copper producers, including Hindalco Industries, NALCO, and Vedanta, surged by up to 5.3% on Friday, October 24, following a sharp rally in global aluminium prices. On the London Metal Exchange, three-month aluminium touched $2,853 per metric ton earlier in the week and was trading at $2,810 by 11:45 IST. Domestic aluminium for November delivery rose to ₹268.65 per kg, marking its fourth consecutive session of gains.

The European Union'saluminium sector is pressing the European Commission to introduce roughly 30% duties on scrap metal exports.

President Donald Trump has announced the US will double its current tariff rate on steel and aluminium imports from 25% to 50%, starting on Wednesday.

President Donald Trump's extensive tariffs on steel and aluminum imports have come into effect, a move that is expected to heighten tensions with US trading partners.

On Tuesday, Mexico, Canada, and the European Union condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has sparked concerns of a potential trade war.

China will lower import tariffs on ethane and certain recycled copper and aluminium raw materials starting next year, the government announced on Saturday.