Aluminium prices hit a four-year high on Thursday as traders continued to assess the scale of damage to global supply from the U.S.-Israeli war with Iran, while hopes of a possible peace deal lent support to other base metals. Benchmark three-month aluminium on the London Metal Exchange rose 0.4% to $3,636 a metric ton in official open-outcry trading after hitting $3,672, its highest level since March 24, 2022. Its record high of $4,073.5 was on March 7, 2022, when markets were grappling with the immediate fallout of Russia’s invasion of Ukraine. The global aluminium market is facing a supply deficit this year due to ... (full story)