Aluminum Hits 4-Year High Amid Mideast Tensions; Copper, Nickel Plunge

• Escalating Middle East conflict fuels volatility in the global metal market.
• Aluminum prices surge to a near four-year high due to supply concerns from the region, which accounts for 9% of global supply.
• Two major smelters in Qatar and Bahrain halted deliveries, prompting US buyers to seek alternative supplies from Asia.
• Copper and Nickel prices plunge as investors reduce risk appetite amid fears of prolonged conflict.
• Crude oil prices jumped 20%, raising production and transportation costs, further impacting commodity markets.