Aluminum prices surged to levels not seen since 2022 following Iranian attacks on two major Gulf producers, stoking concerns of a global supply crisis. On Monday, March 30, 2026, futures initially jumped 5.5% to $3,492 per tonne before easing to $3,381 per tonne by the afternoon, still 3.5% higher. Since the escalation began on February 28, aluminum has gained roughly 10%, despite a brief pullback last week amid broader market fears of a global recession. The attacks targeted Emirates
Aluminum prices surged to levels not seen since 2022 following Iranian attacks on two major Gulf producers, stoking concerns of a global supply crisis. On Monday, March 30, 2026, futures initially jumped 5.5% to $3,492 per tonne before easing to $3,381 per tonne by the afternoon, still 3.5% higher. Since the escalation began on February 28, aluminum has gained roughly 10%, despite a brief pullback last week amid broader market fears of a global recession. The attacks targeted Emirates