Global Aluminum Market Trend Update (March 2026)

On March 28, 2026, two major primary aluminum smelters in Bahrain and the UAE (Gulf States) confirmed they were targeted in attacks linked to Iran. Together, these two facilities account for over 6% of global primary aluminum production capacity.

The Strait of Hormuz—a critical shipping lane for aluminum raw materials and finished exports—has faced intensified disruptions, further squeezing global supply. As a result:

Production disruptions and logistics bottlenecks have created a rigid supply gap. Recovery timelines remain uncertain, supporting elevated aluminum prices.

Higher aluminum costs directly impact downstream industries including automotive, wheels, packaging, construction, and engineering components.

Geopolitical risks and supply chain instability are expected to keep aluminum prices firm in the near to medium term.

We are closely monitoring price movements and securing stable material supply. We will maintain transparent communication on pricing and lead times to protect your production and delivery plans.