LME Aluminum Surges to $3,227 as Middle East Conflict Escalates – 3 March 2026
Summary: Aluminum prices hit a 4-week high today, reaching $3,227 per tonne on the London Metal Exchange. The 2% daily jump follows weekend airstrikes that have threatened the Strait of Hormuz, a critical chokepoint for roughly 9% of global aluminum smelting capacity. Extruders are advised to monitor “war-risk premiums” and rising freight rates, which are expected to impact billet surcharges throughout March. Source:Trading Economics – Aluminum Market Report
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