Alcoa leads aluminium rally after Iranian strikes hit gulf smelters

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Proactive

Mon, March 30, 2026 astatine 9:41 AM CDT 1 min read

Alcoa leads aluminium rally aft Iranian strikes deed gulf smelters

Shares of US aluminum producers surged connected Monday pursuing rocket strikes by Iran connected captious aluminum infrastructure successful the Middle East, sparking concerns implicit planetary supply.

Alcoa (NYSE:AA) roseate 11.5% successful aboriginal trading, portion Century Aluminium (NASDAQ:CENX) gained astir 9%, arsenic investors reacted to reports that Iranian attacks damaged large Gulf smelters, including Emirates Global Aluminium and Aluminium Bahrain.

The Middle East accounts for astir 9% of planetary aluminum output, meaning adjacent partial shutdowns tin rapidly tighten supply.

The London Metal Exchange aluminum benchmark jumped 5% to astir $3,492 per ton, approaching a four-year high, reflecting marketplace fears of a proviso shock. Some facilities person already chopped production, with Aluminium Bahrain reducing capableness by astir 19%.

Other US producers besides saw gains, with Kaiser Aluminium (NASDAQ:KALU) up 3.4% and Constellium (NYSE:CSTM) rising astir 4%.

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