Middle East conflict disrupts supply, aluminum prices set for largest weekly gain in 2024

金十2026/03/06 03:42

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Golden Ten Data, March 6 – As Middle East conflicts intensify, disrupting regional transportation and impacting the spot market, aluminum prices are set to record their largest weekly gain since September 2024. London Metal Exchange (LME) aluminum prices rose on Friday, with a cumulative weekly increase of over 5%, pushing the benchmark contract to its highest level since 2022. The US-Israel war against Iran, now in its seventh day, is transmitting shocks to the global aluminum industry. End users and traders are preparing for the possibility of prolonged disruptions to shipments through the Strait of Hormuz, which is currently effectively closed to shipping. Smelters in the Persian Gulf region, including Aluminium Bahrain BSC and Qatar Aluminium Ltd, both reported delivery and production disruptions this week.

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Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/07 16:03