LME Metal Index reaches a record high amid fears of an industry "black hole" in aluminum

Golden Ten Data reported on April 17 that industrial metal prices on the London Metal Exchange hit an all-time high, mainly due to disruptions in aluminum supply caused by the Middle East war and the recent rebound in copper prices. An index tracking six major metals on the London Metal Exchange has risen nearly 12% over the past four weeks, reaching a record high at Thursday's close. Since the outbreak of the Iran war, aluminum prices have increased by about 15%, and around 9% of the world's aluminum production comes from the Middle East. In the index of the London Metal Exchange, aluminum has the largest weight, and together with copper, these two metals account for nearly three-quarters of the index.