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Aluminum Prices Rise Amid Supply Disruptions from Middle East Conflicts
Aluminum prices have increased significantly due to recent supply shocks. LME prices reached a four-year high near $3,672 per ton, while U.S. physical premiums hit a record $2,521 per ton. European prices rose 90% over six weeks following drone strikes and production cuts in the Gulf region.
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Aluminum markets experienced a notable price surge following recent supply disruptions. These developments mark one of the largest supply shocks to the aluminum industry in recent decades, as reported. The report highlighted the impact of geopolitical events on global commodity markets. Further details on ongoing effects were not specified in the available information.
prices climbed to a four-year high near $3,672 per ton.
U.S. physical premiums reached a record level of $2,521 per ton.
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