Aluminum Extends Gains

2026-06-15 03:53 By Judith Sib-at 1 min. read

Aluminum futures in the UK rose to $3,550 per tonne in early Asian trading, extending their rebound from a one-month low as sentiment improved after a US–Iran agreement.

The deal, expected to be formally signed on June 19, has ease concerns about global economic growth and supported expectations for stronger metals demand.

The metal had recently come under pressure amid persistent tensions between the two nations, which fueled inflation concerns and raised the prospect of tighter policy.

While a potential reopening of the Strait of Hormuz would eventually restore aluminum export flows from the Persian Gulf, supply concerns persist, as key Gulf producers faced operational challenges following Iranian attacks during the first month of the war.

EGA’s flagship smelter is expected to take up to a year to return to full capacity, while Bahrain’s ALBA is still operating below normal levels.

Tighter restrictions on bauxite exports from Guinea have added to concerns about raw material supply.



News Stream
Aluminum Extends Gains
Aluminum futures in the UK rose to $3,550 per tonne in early Asian trading, extending their rebound from a one-month low as sentiment improved after a US–Iran agreement. The deal, expected to be formally signed on June 19, has ease concerns about global economic growth and supported expectations for stronger metals demand. The metal had recently come under pressure amid persistent tensions between the two nations, which fueled inflation concerns and raised the prospect of tighter policy. While a potential reopening of the Strait of Hormuz would eventually restore aluminum export flows from the Persian Gulf, supply concerns persist, as key Gulf producers faced operational challenges following Iranian attacks during the first month of the war. EGA’s flagship smelter is expected to take up to a year to return to full capacity, while Bahrain’s ALBA is still operating below normal levels. Tighter restrictions on bauxite exports from Guinea have added to concerns about raw material supply.
2026-06-15
Aluminum Drops to 1-Month Low
Aluminum futures in the UK fell below $3,500 per tonne, the lowest in a month, as persistent tensions in the Middle East and prospects of higher US interest rates weighed on the demand outlook. Oil prices rebounded after the US launched new attacks on Iran, fueling inflation concerns and increasing the likelihood of tighter monetary policy, which could slow global growth and dampen demand for industrial metals. Despite the decline, prices remain 19% higher year-to-date, supported by tightening supply conditions as dual blockades in the Strait of Hormuz continue to restrict aluminum exports from the Persian Gulf, which accounts for 9% of global production. Supply risks have been further exacerbated by direct attacks on major facilities in the region. EGA’s flagship smelter is expected to take up to a year to return to full capacity, while operations at Bahrain’s ALBA facility remain partially suspended.
2026-06-10
Aluminum Hits 4-week Low
Aluminum decreased to 3545.00 USD/T, the lowest since May 2026. Over the past 4 weeks, Aluminum lost 0.86%, and in the last 12 months, it increased 42.34%.
2026-06-09