Aluminium prices surged to four-year highs on Monday as Iranian airstrikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminium on the London Metal Exchange traded 3.9% higher at $3,424.5 a metric ton in official rings. Prices of the metal used in the transport, construction and packaging industries touched $3,492 earlier in the session. The U.S.-Israeli war on Iran and resulting closure of the Strait of Hormuz has already restricted shipments of aluminium to export markets in the United States and Europe. Aluminium Bahrain, which runs the world’s ... (full story)