Aluminium Market Disruption 2026: Strait of Hormuz Conflict Drives Prices Close to Record Levels - News and Statistics

The ongoing conflict near the Strait of Hormuz is disrupting aluminum production and exports from the Middle East, driving aluminum prices to near record highs. Supply chain disruptions and damage to production facilities are causing market tightness, with a return to surplus expected from 2028. Prolonged conflict or further energy price increases could exacerbate price increases.