Aluminum Market Descends Into Supply 'Black Hole'
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Source: Zero Hedge
Published: 2026-04-17 20:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Europe, Iran, Ukraine/Russia, Economy & Finance, Financial Markets, Business & Economy, War & Conflict
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Snippet:
Aluminum prices on the London Metal Exchange are climbing into the end of the week, reaching $3,621 a ton and approaching the peak seen during Russia's 2022 invasion of Ukraine. The problem now is that the aluminum market has been thrust into a serious supply shock amid the U.S.-Iran conflict in the Middle East, one that is unlikely to be reversed in the near term.
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