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Iran-Israel Conflict Disrupts Metals Market, Aluminum Soars

3/19/2026

49 11 Full Breakdown

Summary

Story summary

The Iran-Israel conflict on March 18, 2026 disrupted metals markets as copper fell over 8% to a December low.
Aluminum prices rose to $3,370 per ton, near four-year high.
The closure of the Strait of Hormuz disrupted supply chains and sparked fears of shortages.
Aluminum Bahrain cut production by 19%, intensifying concerns.
Analysts warn tensions could push aluminum toward $4,000 per ton, while retail interest remains low.

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Story summary

The Iran-Israel conflict on March 18, 2026 disrupted metals markets as copper fell over 8% to a December low.
Aluminum prices rose to $3,370 per ton, near four-year high.
The closure of the Strait of Hormuz disrupted supply chains and sparked fears of shortages.
Aluminum Bahrain cut production by 19%, intensifying concerns.
Analysts warn tensions could push aluminum toward $4,000 per ton, while retail interest remains low.