Aluminium prices are soaring as the Iran war triggers fresh supply disruptions across the Gulf region. With key smelters facing shutdowns, exports disrupted via the Strait of Hormuz, and global inventories hitting multi‑month lows, aluminium futures on the LME have surged over 10% since the conflict began. Experts now warn of a deepening global supply deficit, keeping prices elevated amid rising industrial demand from China.
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Published on April 7, 2026