LME aluminum price fell by more than 8%, marking the biggest drop since 2018.

Under growing concerns about the impact of the Iran war on the global economy, industrial metal markets are generally falling. The price of aluminum on the London Metal Exchange has seen its biggest drop since 2018. Aluminum prices fell 8.4% at one point to $3,115 per ton, quickly erasing the gains accumulated since the outbreak of the Iran conflict due to regional aluminum supply risks. This sharp drop occurred against the backdrop of widespread selling in the industrial metal and broader markets, with copper prices falling by more than 4%, gold prices falling by more than 5%, and global stock markets experiencing significant declines.