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Aluminum Surges 6% After Iran Strikes Plants in UAE, Bahrain

Aluminum bars at the Emirates Global Aluminium PJSC plant in Abu Dhabi in 2022. — Aluminum bars at the Emirates Global Aluminium PJSC plant in Abu Dhabi in 2022.Photographer: Christopher Pike/Bloomberg

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By Bloomberg News

March 30, 2026 at 12:11 AM UTC

Aluminum climbed around 6% after Iran attacked two production sites in the Middle East, threatening to deepen supply disruptions in a region that accounts for a significant portion of global output.

Prices on the London Metal Exchange rose as much as 6% to $3,492 a ton in early trading. Shares in Australian aluminum companies also rose.