Aluminum Set For Biggest Monthly Gain Since 2018 on Iran War

Aluminum headed for its biggest monthly gain in almost eight years, as the war in the Middle East disrupted supplies and damaged local production facilities, tightening the global market.

The lightweight metal exceeded $3,500 a ton in London, putting it on course for a monthly gain of more than 12%. That’s the most since April 2018, and contrasts with a broader downtrend for metals in March.