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flag Aluminium prices surged to $3,544/ton in March 2026 due to Middle East tensions disrupting key shipping routes and cutting production in Qatar and Bahrain.

flag Aluminium prices hit a four-year high of $3,544 per metric ton in early March 2026 due to escalating Middle East tensions disrupting shipping through the Strait of Hormuz, a vital trade route. flag Supply concerns grew after smelters in Qatar and Bahrain announced production cuts and force majeure notices, while global aluminium supply chains faced strain. flag Prices later eased to $3,386, but analysts warn prolonged disruptions could push prices above $4,000. flag The surge contrasted with declines in gold and silver as investors shifted focus amid the aluminium supply scare.

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