Aluminum Deficit Persists Despite Easing Middle East Tensions
ING Economic and Financial Analysis·2026-06-23·via All Articles on Seeking Alpha
Summary
Geopolitical tensions have eased, reducing upside risks for aluminium prices, but market balances remain tight and the deficit persists.
Higher Chinese exports have provided some relief to the market.
During the height of the conflict, aluminium prices incorporated a geopolitical premium reflecting the possibility of further supply disruptions and shipping bottlenecks.