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- LME Aluminum 3M Select trades $77.75 higher to $3576.50 at 8:35:07 AM
- (Bloomberg) – Aluminum jumped to a four-year high in London, as US President Donald Trump’s blockade of Iranian ports threatened more disruptions to shipments from the Persian Gulf. The US military said it would implement the blockade, which applies to all vessels entering or departing Iranian ports or coastal areas, at 10 a.m. New York time on Monday. Spot aluminum contracts also rallied further above futures, with the spread on cash contracts over those for delivery in three months jumping as much as 43% from Friday to reach $95.50 a ton — the highest since 2007. Other base metals were mixed on Monday, as the failure of US-Iran negotiations in Pakistan at the weekend unraveled a brief bout of market optimism. Metals are broadly at risk from weaker demand as soaring energy prices hurt the global economy, although aluminum has gained due to the supply crunch arising from the war. Still, elevated prices are curbing demand in China as inventories in the top metal consuming country have risen to the highest since 2020.
- LME Copper 3M Select trades $61 higher to $12907 at 8:35:11 AM
- CME HRC Steel last traded at $1046 and $0 lower at 4/10/2026
Price Indications
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