US resumes blockade of Iranian ports, aluminum rebounds

Nearly one week after aluminum markets appeared to price in easing Middle East tensions, developments in and around the Strait of Hormuz have continued moving in the opposite direction.

The London Metal Exchange (LME) aluminum trading price has since recovered from the pullback discussed in the July 9 analysis, settling at $3,171 per metric ton on July 14 as the US resumed attacks in the region

Nicholas Bell

Nicholas brings over half a decade of experience covering metals markets, pricing trends, and supply chain dynamics. Prior to joining AMU, he reported on aluminum, high-temperature scrap, and ferro-alloy markets at Argus Media, with additional coverage of minor metals and rare earths. His work has built deep expertise in North American metals pricing and trade flows. A native of Houston, Nicholas holds a bachelor’s degree in Media Production and an MBA with a concentration in Finance, both from the University of Houston.