The London Metal Exchange (LME) aluminum prices rose by US$61.5, reaching US$3,260.5 per ton on March 24, as escalating Middle East conflicts sparked global supply worries. Despite a temporary delay in specific military threats, investors remain anxious about potential shipment disruptions from regional smelters, which account for roughly 9% of global production.
Other industrial metals such as copper faced pressure from rising oil prices and a stronger dollar, but aluminum decoupled from the broader market downturn. This upward movement reflects a risk-off sentiment as the market assesses the impact of ongoing sea-lane blockades on metal availability. Therefore, aluminum ended the Tuesday session with a nearly 2% growth, defying the bearish trend seen in nickel, zinc, and lead.
LME aluminum prices hike by nearly 2% due to Middle East supply fears
25 Mar 2026 16:28 reported by Joy Liu
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