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War? What war? Aluminium's Gulf disruption premium vanishes

Posted on July 28, 2026
By Business News Today
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1 min read

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War? What war? Aluminium's Gulf disruption premium vanishes

Despite the Iran conflict disrupting more than 2 million metric tons of aluminium supply, prices have retreated to pre-war levels as markets bet that higher exports from China and Indonesia will offset Gulf production losses. However, rising physical premiums in Europe and Japan suggest supply concerns remain unresolved.