Global aluminium prices spike following Iranian missile strikes on Gulf refineries
Global Aluminium Prices Spike Following Iranian Missile Strikes on Gulf Refineries
Aluminium prices surged by 6% in early trading on Monday, eventually stabilizing at $3,435 per tonne, after Iran targeted major production plants in Bahrain and the UAE.
Iran’s Revolutionary Guards confirmed drone and missile strikes over the weekend, claiming the facilities were linked to the U.S. military.
With Russian aluminium already under sanctions, the Middle East has become the primary supplier for the EU, US, and Japan; further disruptions threaten to paralyze these global markets.
The global economy faced a fresh shock on Monday, March 30, 2026, as aluminium prices hit a significant high following direct attacks on industrial hubs in the Persian Gulf.
According to reports from the London Metal Exchange, the metal essential for everything from soda cans to fighter jets saw an immediate jump of roughly 6% before settling at a 4.2% gain.
Global Aluminium Prices Spike Following Iranian Missile Strikes on Gulf Refineries
As world energy and metal markets remain in a tailspin, the broader implications for the global economy are becoming increasingly dire.
With the Strait of Hormuz already under pressure and now major land-based refineries under fire, the Middle East as a safe supplier narrative has been fundamentally challenged.
