London metals index at record high amid aluminium supply squeeze fear

London metals index at record high amid aluminium supply squeeze fear

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London metals index at record high amid aluminium supply squeeze fear
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Industrial metals have seen significant gains on the London Metal Exchange due to concerns over aluminium supply disruptions caused by the Iran war. The LME index has risen nearly 12% recently, with aluminium prices increasing by about 15%. The conflict has led to attacks on aluminium facilities and a blockade affecting global supply. JPMorgan Chase warns of a severe supply deficit in the aluminium market, predicting continued price strength. Traders are closely monitoring the situation as it impacts various industries.

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