March 30, 2026 12:56 PM
Aluminium prices surge after Iran-linked strikes hit gulf smelters
Aluminium prices on the London Metal Exchange jumped six percent on Monday, nearing four-year highs after Iranian-linked strikes damaged key Gulf production facilities over the weekend, raising fears of supply disruptions from one of the world’s most important aluminium-producing regions. Benchmark three-month aluminium climbed to 3,492 dollars per metric tonne, its highest level since mid-March, as markets reacted to damage at facilities operated by Emirates Global Aluminium and Aluminium Ba...