Aluminum Hits Fresh 4-Year Highs in Commodity News 03/06/2026 Aluminum futures in the UK climbed above $3,780 per tonne, the highest in more than four years, as the market continued to grapple with supply disruptions. Persistent uncertainty over a US-Iran peace deal that could pave the way for the reopening of the Strait of Hormuz has raised the risk that aluminum exports from the Persian Gulf may remain constrained for longer. Supply risks have been further exacerbated by direct attacks on major refiners 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 remain partially suspended. Meanwhile, Guinea’s stricter controls on bauxite exports have added to concerns over tighter raw material supplies. Stress in the market was also reflected in the premium of cash aluminum over three-month contracts, which surged to 19-year highs. Separately, President Donald Trump reduced tariffs on certain steel and aluminum derivative products to 15% from 25%. Source: Trading Economics 2026-06-03 hellenicshippingnews... tweet Share