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2026.06.1004:00:44UTC+00Aluminum Drops to 1-Month Low

Aluminum futures in the UK fell as much as 1.4% toward $3,500 per tonne in Asian trading, marking their lowest level in a month, as renewed US strikes against Iran and the prospect of higher US interest rates pressured the demand outlook. Persistent geopolitical tensions have heightened inflation worries and increased the likelihood of tighter monetary policy, amplifying concerns about slower global growth and weaker demand for industrial metals.

Even so, prices remain more than 19% higher year-to-date, supported by tightening supply conditions as aluminum exports from the Persian Gulf remain constrained. Supply risks have been further aggravated by direct attacks on major refining facilities in the region. EGA’s flagship smelter is expected to need up to a year to return to full capacity, while operations at Bahrain’s ALBA facility remain partially suspended.

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