Aluminum price set for biggest monthly gain since 2018 on Iran war
Geopolitics · MINING.COM ·
Aluminum is headed for its biggest monthly gain in almost eight years as the war in the Middle East has disrupted supplies and damaged production facilities. The metal exceeded $3,500 a ton in London, on course for a monthly gain of over 12%, as about a tenth of global aluminum production in the Persian Gulf has been curtailed by the closure of the Strait of Hormuz.