Commerzbank says if the Strait of Hormuz remains blocked until end of May, Aluminum prices could temporarily rise to almost USD 4,000/tonne

The warning from Commerzbank regarding potential disruptions in the Strait of Hormuz highlights significant supply risk for aluminum prices. If the blockade extends through May, prices could spike towards USD 4,000/tonne, which would reflect heightened geopolitical tensions and supply chain constraints. Traders should consider how this outlook could impact inflation expectations and broader market sentiment, particularly for industries reliant on aluminum.