LME Aluminum Prices Stabilize Near $3,400 as Geopolitical Risks Tighten Supply – 11 March 2026
Summary: Primary aluminum prices have surged significantly, with the London Metal Exchange (LME) cash settlement reaching approximately $3,402.50 per tonne as of late March 10/11. This rally is driven by heightened geopolitical risks in the Middle East and logistical bottlenecks in the Strait of Hormuz, which threaten roughly 9% of the global primary supply. For extruders, this translates to sustained upward pressure on input costs, though high LME stocks are providing a slight buffer against immediate physical shortages.
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