Aluminum headed for a fourth consecutive weekly drop, the longest losing streak since April 2025, as Asian tech stocks sold off and a firmer US dollar added pressure. Renewed Middle East shipments also weighed on sentiment, putting the metal on track for about 7% losses this week. The decline follows a broader slide in base metals as investors shift to safer assets.

The interim US‑Iran peace accord revived expectations of shipments from a region that supplies roughly one‑tenth of global aluminum output. Closures had halted smelters and choked Gulf flows, but a cargo‑ship attack on Thursday revived safety concerns in Strait of Hormuz. Officials signaled support for rate hikes, and the dollar rose about 0.7%. Analysts note that any disruptions could tighten inventories and support prices temporarily.

By 11:10 a.m. Shanghai time, LME prices showed Aluminum at $3,158 a ton, down 0.2%. Copper fell 0.9% and nickel 1%, underscoring the sector’s weakness. Jinrui Futures warned that short‑term macro sentiment will keep the metal weak, as non‑yielding commodities lose appeal to investors chasing Treasury returns. Investors will watch inventory data later this week. Aluminum is likely to remain pressured this week.