Aluminum prices are surging. Here's how companies are handling the costs
CNBC·- Aluminum prices have surged over 19% in 2026 due to the U.S.-Iran war, causing cost pressures for various industries. - Key factors include the shutdown of the Strait of Hormuz and military actions that have disrupted 3% of global aluminum supply. - Companies like Ford and Molson Coors are facing significant increased costs, with forecasts indicating continued price inflation linked to rising energy costs and supply chain disruptions.