Aluminum Market Descends Into Supply 'Black Hole'

Aluminum Market Descends Into Supply 'Black Hole' Aluminum prices on the London Metal Exchange are climbing into the end of the week, reaching $3,621 a ton and approaching the peak seen during Russia's 2022 invasion of Ukraine. The problem now is that the aluminum market has been thrust into a serious supply shock amid the U.S.-Iran conflict in the Middle East, one that is unlikely to be reversed in the near term. One big problem we highlighted last weekend was that Emirates Glob...