Summary: Aluminium prices have surged to nearly $3,520/tonne (LME) and ₹350/kg (MCX) as of this morning. The spike is driven by the closure of the Strait of Hormuz and force majeure declarations from major Gulf smelters like Qatalum and Aluminium Bahrain. With LME inventories at their lowest since July and the market in deep backwardation, extruders face immediate pressure on billet premiums.

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