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Aluminum Set for Worst Monthly Loss Since 2008 on Supply Outlook

Aluminum Set for Worst Monthly Loss Since 2008 on Supply Outlook
Bloomberg Markets Tuesday 30 June 2026, 04:28 UTC By Charlie Zhu, Winnie Zhu 1 min read
Key Points

Commodities Aluminum Set for Worst Monthly Loss Since 2008 on Supply Outlook Aluminum headed for the steepest monthly loss since 2008 as expectations for a return of lost Middle Eastern supply saw it rapidly unwind an Iran war-induced rally. The metal has plummeted more than 15% so far in June as the interim US-Iran peace deal spurred optimism over a resumption of Middle Eastern shipments as the Strait of Hormuz opens up. That wiped out gains made over the previous three months due to the...

Commodities Aluminum Set for Worst Monthly Loss Since 2008 on Supply Outlook Aluminum headed for the steepest monthly loss since 2008 as expectations for a return of lost Middle Eastern supply saw it rapidly unwind an Iran war-induced rally. The metal has plummeted more than 15% so far in June as the interim US-Iran peace deal spurred optimism over a resumption of Middle Eastern shipments as the Strait of Hormuz opens up. That wiped out gains made over the previous three months due to the loss of supply from the region that accounts for nearly a 10th of global output.
Aluminum Set for Worst Monthly (ORG) Supply Outlook Commodities Aluminum Set for Worst Monthly (ORG) Middle Eastern (ORG) Iran (LOCATION) US (LOCATION) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

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