Aluminum Moves Strongly Higher on Supply Constraints

Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. 

• LME Aluminum 3M Select trades $125.25 higher to $3526.50 at 8:21:55 AM

  • (Bloomberg) – Aluminum headed for the biggest monthly gain in nearly two years, as the war in the Middle East disrupted supplies and damaged local production facilities, tightening the global market.  Commodities including base metals have been roiled by the conflict between the US, Israel and Iran.  In addition, Iranian drones and missiles have struck plants run by Aluminium Bahrain BSC and Emirates Global Aluminium PJSC.  Most other metals were flat to slightly higher on Tuesday after the Wall Street Journal reported that US President Donald Trump told aides he’s willing to end the US campaign even if the Strait of Hormuz remained largely closed. Still, copper, zinc and nickel are heading for monthly declines as the war lifts energy costs and prompts warnings about global economic growth.  The hostilities in the Middle East have had the biggest direct impact on aluminum because of the region’s role as a major source of primary metal, most of which is exported. The disruptions have sent premiums soaring in other locations, including Japan, while prompting a pickup in orders for products from China, which dominates global output

• LME Copper 3M Select trades $33.50 higher to $12250 at 8:21:55 AM

• CME HRC Steel last traded at $1048 and $7 higher at 3/30/2026

Price Indications

Today's Charts

Metals Factor Matrix

AEGIS Factor Matrices: Most important variables affecting metals prices

Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Certain information in this presentation may constitute forward-looking statements, which can be identified by the use of forward-looking terminology such as “edge,” “advantage,” “opportunity,” “believe” or other variations thereon or comparable terminology. Such statements are not guarantees of future performance or activities.