Aluminium Prices Surge Amid US-Iran Conflict, Supply Disruption Fears

• Aluminium prices climbed up to 2.8% on the London Metal Exchange, reaching $3,228 per tonne.
• Concerns about supply disruptions in the Middle East, a key aluminium producing region, are driving the surge.
• Many major producers use the Strait of Hormuz, a chokepoint near Iran, for importing raw materials and exporting metal.
• The US-Iran conflict escalated over the weekend with US-Israel attacks and Tehran's retaliatory strikes.
• The region accounts for approximately 9% of global aluminium production, making prices sensitive to tensions.