Aluminum prices fell, influenced by the easing of supply concerns due to the US-Iran agreement.

With the market no longer factoring in some geopolitical premiums, and expectations shifting towards a cooling of the situation in the Middle East, the price of aluminum has fallen. Analysts at Socgen Financial stated, "Among base metals, considering the concentrated smelting capacity in the region and the key shipping routes associated with it, aluminum is most affected by conflict narratives." They also stated, "Therefore, the easing of supply concerns has led to a large-scale closing of long positions, with trading volumes sharply increasing." In early trading in the European market, three-month futures on the London Metal Exchange fell by 0.8% to $3,356.50 per ton, accumulating a 5% decline for the week.