Summary: Aluminium prices are currently outperforming other base metals, trading near $3,200–$3,400 per tonne on the London Metal Exchange. The surge is primarily attributed to supply disruptions in the Persian Gulf, where major smelters like Alba (Bahrain) and Qatalum (Qatar) have reportedly scaled back production by nearly 19% due to gas supply interruptions and shipping blockades in the Strait of Hormuz.

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