Summary: Aluminium prices jumped as much as 2.8% on the London Metal Exchange (LME) this morning, reaching a high of $3,228 per tonne. The spike is driven by escalating geopolitical tensions in the Middle East, a region responsible for approximately 9% of global production. Market analysts warn that potential disruptions to the Strait of Hormuz could impact the flow of bauxite and alumina, further tightening global supply.

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