Key facts
- Aluminum prices increased for the fourth consecutive day.
- Aluminum reached its highest price point in over four years.
- Copper prices also climbed, nearing $14,000 a ton.
- Global demand optimism and the unresolved Middle East conflict are cited as drivers for the gains.
Aluminum prices have surged to a four-year high, driven by a combination of a tightening global market and optimism over demand. The ongoing conflict in the Middle East is also cited as a contributing factor to the upward trend in both aluminum and copper prices. Copper prices have climbed, nearing $14,000 a ton.