Aluminum Prices Remain Elevated in Commodity News 09/04/2026 Aluminum futures in the UK slipped toward $3,450 per tonne but remained near a four-year high, as the market continues to grapple with supply disruptions despite easing geopolitical tensions. President Donald Trump agreed to a two-week ceasefire with Iran that includes the reopening of the Strait of Hormuz. Tehran indicated that safe passage through the waterway would be possible via coordination with its armed forces. The Gulf region is a key supplier of primary aluminum, accounting for roughly 9% of global output. However, shipments have been severely disrupted by the Strait’s closure in late February. Supply concerns were further exacerbated last month when Iran targeted two regional smelters, forcing Emirates Global Aluminium, the region’s largest producer, to suspend operations at its Al Taweelah facility. While the temporary ceasefire offers some relief, lingering production risks have kept the market cautious, supporting prices. Source: Trading Economics 2026-04-09 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share