Aluminum Records Biggest Weekly Gain Since 2023 on Iran Crisis

Aluminum recorded its biggest weekly gain since 2023 after the deepening conflict in the Middle East snarled shipments from the region and left traders bracing for more disruptions.

Prices on the London Metal Exchange climbed more than 4% on Friday, extending this week’s advance to about 9.7%. Earlier in the week, the benchmark contract spiked to levels last seen in 2022.