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- LME Aluminum 3M Select trades $112.25 higher to $3363 at 8:22:23 AM
- (Bloomberg) – Aluminum prices surged to the highest since 2022 after Aluminium Bahrain BSC suspended deliveries of metal to some customers under force majeure clauses. The suspension is due to an effective halt on voyages through the Strait of Hormuz, which has impacted outbound shipments to customers. As the Iran conflict has deepened this week, aluminum traders and investors have been scrambling to game out the short and long-term implications for the market, with some warning privately that the logistical constraints could soon cause widespread declarations of force majeure, which entitle producers to suspend deliveries due to factors outside their control. Alba said the force majeure relates to the transit issues through the Strait of Hormuz and isn’t due to any disruption or damage to its smelter facility.
- LME Copper 3M Select trades $103 higher to $13059 at 8:22:23 AM
- CME HRC Steel last traded at $1014 and $-2 lower at 8:11:38 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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