EnergyReader · 2026-08-08 00:49

London aluminum up 17% as Middle East smelter outages extend conflict's supply impact

By EnergyReader Newsroom · August 8, 2026

London aluminum prices have climbed nearly 17% since the onset of the U.S.-Iran conflict, with Mercuria, Goldman Sachs and JPMorgan among the commodity desks warning of a major supply shock driven by Middle East smelter outages, according to reporting from late May 2026. The move extends the conflict's price impact well beyond crude into industrial metals, where disrupted capacity is harder to replace quickly than barrels diverted through alternative shipping routes.

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