Aluminum Edges Up as Traders Assess Iran War’s Impact on Supply

Aluminum edged higher as traders weighed the impact of the Middle East conflict on the metal market and broader economy.

Prices rose as much as 0.8% on signs of strain the Iran war is placing on supply in the Persian Gulf, which accounts for about 9% of global output. The conflict has effectively closed the Strait of Hormuz, preventing shipments from metal producers in the region. In a further indication of stress in the market, orders to withdraw stockpiles from the London Metal Exchange’s warehousing network surged the most since May 2024.