LME Aluminium Prices Surge to $3,269 Amid Global Supply Squeeze – 16 March 2026

Summary: Aluminium prices on the London Metal Exchange (LME) have hit nearly four-year highs this morning. The closure of the Strait of Hormuz has halted roughly 9% of global supply from the Persian Gulf. Smelters in Qatar (Qatalum) and Bahrain have begun scaled-down operations, further tightening the spot market.

https://discoveryalert.com.au/aluminium-market-fundamentals-lme-price-2026