Market Signal

Aluminum Prices Surge to Four-Year High Amid Iran War Supply Concerns

Sourced from 2 publications

  • •Aluminum prices have climbed to $3,499.50 per ton on the London Metal Exchange.
  • •The price increase represents the highest level since April 2022.
  • •Escalating hostilities in the Middle East, particularly involving Iran, are causing supply concerns.
  • •Aluminum prices rose about 10% last week as supply fears intensified.
  • •While aluminum prices surged, other metals, including copper, saw declines due to reduced risk appetite.

Sources

Aluminum Rises to 2022 High as Iran War Stokes Supply Crunch

Bloomberg

Aluminium hits near four-year high as Iran war fuels supply fears

Business-standard

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Curated from 2 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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