- The Middle East conflict has entered its seventh day, severely impacting the global aluminum market with major smelters announcing production halts due to disruptions in the Strait of Hormuz.
- JPMorgan identifies the situation as a critical supply-driven event horizon, predicting aluminum prices could surge towards $4,000 per ton if production cuts persist.
- By March 6, LME aluminum prices rose to $3,313 per ton, marking the highest level since 2022, amidst forecasts of increasing supply gaps and tightening inventory conditions.
