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Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return

Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return
Bloomberg Markets Friday 26 June 2026, 03:29 UTC By Charlie Zhu, Winnie Zhu 1 min read
Key Points

Commodities Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return Aluminum headed for a fourth weekly decline, the longest losing streak since April 2025, as a renewed selloff in Asian tech stocks added to pressure from a stronger US dollar and returning Middle East supplies. The light metal was on track to lose around 7% for the week, as the interim US-Iran peace deal fueled expectations of renewed shipments from a region that accounts for nearly a 10th of global production. The...

Commodities Aluminum Heads for Fourth Weekly Drop on Mideast Supply Return Aluminum headed for a fourth weekly decline, the longest losing streak since April 2025, as a renewed selloff in Asian tech stocks added to pressure from a stronger US dollar and returning Middle East supplies. The light metal was on track to lose around 7% for the week, as the interim US-Iran peace deal fueled expectations of renewed shipments from a region that accounts for nearly a 10th of global production. The war has shuttered local smelters and choked shipments of metal and raw materials in and out of the Persian Gulf.
Fourth Weekly Drop (ORG) Mideast (LOCATION) Asian (ORG) US (LOCATION) Middle East (LOCATION) Iran (LOCATION) the Persian Gulf (LOCATION)
Originally published by Bloomberg Markets Read original →

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