Aluminum Prices Near 4-Year Highs

AI Summary

Aluminum futures in the UK surged to $3,440 per tonne, near a four-year high, after Bahrain's Alba smelter shut down three production lines representing about 19% of its 1.6 million tonne annual capacity due to heightened regional tensions. The production cuts are driving supply concerns across global aluminum markets. This signals a significant commodity supply disruption linked to Middle East conflict.

Aluminum futures in the UK rose to $3,440 per tonne, near its highest level in almost four years, after Bahrain’s Alba cut production amid heightened regional tensions. The world’s largest single-site aluminum producer shut down three production lines, which together account for about 19% of its total annual capacity of 1.6 million tonnes. Alba’s output ...