Aluminum Falls for Fourth Consecutive Week Since April 2025 as Middle East Supply Recovery Expectations Rise

According to Guru Club, aluminum prices fell for a fourth consecutive week this week, marking the longest losing streak since April 2025, with prices expected to decline approximately 7% for the week. The sell-off was driven by recovering supply expectations from the Middle East, which accounts for roughly one-tenth of global aluminum production, following the temporary peace agreement between the U.S. and Iran earlier this month.

A cargo ship attack on Thursday renewed concerns over Hormuz Strait transit security. Asian technology stocks continued to face selling pressure, weighing on industrial metals broadly as well.