Asian tech selloff, a stronger dollar and expectations that Middle Eastern
supply will resume after a temporary US‑Iran agreement have driven aluminium
toward a fourth consecutive weekly decline, the longest run since April 2025;
the region supplies about 10% of global output and prices are forecast to be
down roughly 7% on the week. A merchant vessel attack on Thursday revived Strait
of Hormuz security concerns and increased shipping uncertainty. Copper and other
industrial metals also fell as tech-led risk‑off hit demand-linked metals used
in electronics, cabling and AI data‑centre builds. Jinrui Futures said near‑term
macro sentiment remains negative and aluminium is likely to trade weakly and
choppily.
