The price of aluminum is at a four-year high due to supply concerns in the Gulf region.

Boosted by interruptions in the Middle East supply, the price of aluminum continues to hover near a four-year high. In after-hours trading, the aluminum futures price on the London Metal Exchange rose by 1.2% to $3,497.50 per ton, with a cumulative increase of over 6% for the week. Analysts at the Dutch international group stated, "The situation remains unstable, causing aluminum prices to be highly sensitive to geopolitical news and maintaining high volatility." They added, "The Middle East accounts for around 9% of global aluminum supply, with producers in the Gulf region being among the largest primary aluminum suppliers in the global shipping market." The Dutch international group also mentioned that at the same time, the speed of warehouse deliveries is increasing, indicating strong demand for physical metals and strengthening the outlook for a structurally tight aluminum supply.