Aluminum Prices Slide Over 15% in June 2026 Amid Middle East Supply Recovery Expectations

According to Jin10, aluminum prices fell over 15% in June 2026, tracking toward the largest single-month decline since 2008, as market sentiment shifted toward the resumption of Middle East supply following a U.S.-Iran ceasefire agreement. The easing of geopolitical tensions raised expectations that cargo shipments through the Hormuz Strait would resume.

Aluminum has also faced headwinds from a sharp surge in the U.S. dollar since mid-May, raising costs for most buyers. Additionally, market expectations that the Federal Reserve will maintain higher interest rates for an extended period, with potential further hikes to combat inflation, have weighed on demand outlook.