Aluminum producers rise as metal hits 4-year peak on Mideast supply fears

Century Aluminum

30/03/2026 11:24

** Shares of U.S. aluminum producers jump in premarket trading as metal prices climb on prolonged supply disruption fears amid the Middle East war

** Aluminium prices surged to four-year highs on Monday after Iranian airstrikes against two major Middle East producers over the weekend

** Benchmark aluminium CMAL3 on the London Metal Exchange was rose 4.7% to $3,453 a metric ton at 1048 GMT

** Gulf-based aluminum producers, who account for about 9% of global supply, have been unable to ship material through the Strait of Hormuz, driving up prices

** Alcoa AA.N gains 8.4%, while Century Aluminum CENX.O and Kaiser aluminum KALU.O rise 8.3% and 2.2%, respectively

** As of last close, AA and CENX stocks rose 9.9% and 26.7% YTD, respectively, while KALU fell 0.2% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))