The U.S.-Iran war has tightened its grip on the aluminum market, and prices have moved decisively higher, rising about 10% even as metals like copper lose ground. Momentum held firm into the week, with prices climbing another 3% on Monday, March 30. The disruption runs through the heart of global supply.
The Middle East accounts for roughly 9% of aluminum production, and the region now faces both logistical and operational setbacks. Iran’s blockade of the Strait of Hormuz has stalled key shipments, while several production facilities have been damaged or forced offline.
