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Aluminum Soars 5% as Iran Conflict Tightens Hormuz Shipping

Bloomberg Markets •
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Aluminum surged on the London Metal Exchange, marking its biggest weekly rise since September 2024. Prices climbed more than 5% on Friday, pushing the benchmark contract to levels last seen in 2022. The rally reflects growing uncertainty as the Middle East conflict escalates, tightening supply routes and rattling physical markets for global traders and investors.

The US‑Israeli war with Iran has sent shock waves through the global aluminum industry. End‑users and traders brace for prolonged disruptions to metal flows through the **Strait of Hormuz