New Delhi, Jan. 8 -- Aluminium prices in domestic and global markets are expected to keep an upward trajectory this year as China's output cap restricts supply while energy-transition demand from electric vehicles, renewables and infrastructure continues to underpin the market, analysts said.

Vandana Bharti, AVP - Commodities Research, SMC Global Securities, said, "China, which produces around 60% of global aluminium output, has reached its 45-million-tonne capacity ceiling, strictly limiting production growth."

The aluminium market is entering 2026 in a state of structural deficit, with prices hitting three-year highs above USD 3,000 per tonne on the LME as of early January, Vandana Bharti told ANI.

Prices have already climbed to mult...