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Aluminum Market Faces Two Million Tons Deficit, ING Says

Bloomberg
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Aluminum prices surged to a four-year high in London due to US-led port blockades in Iran, disrupting Persian Gulf shipments and tightening global supply. ING strategist Ewa Manthey warns the aluminum market faces a two-million-ton deficit, with supply constraints expected to persist even if geopolitical tensions ease immediately. Restoring disrupted production capacity could take six to twelve months, delaying market stabilization and prolonging price volatility, according to ING’s analysis. The blockade’s impact extends beyond Iran, threatening broader supply chain disruptions as the Persian Gulf remains a critical aluminum trade route for global industries. Analysts emphasize the deficit’s long-term economic ripple effects, including higher manufacturing costs and potential delays in sectors reliant on aluminum, from automotive to aerospace.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Apr 14th, 2026Aluminum Market Faces Two Million Tons Deficit, ING SaysAluminum jumped to a four-year high in London as US President Donald Trump’s blockade of Iranian ports thr eatened more disruptions to shipments from the Persian Gulf. The supply issues are "here to stay," ING strategist Ewa Manthey tells Bloomberg Television. "Even if the conflict ends tomorrow, bringing that capacity back to the market can take six and up to 12 months," she adds.Duration:2:49Duration:2:51Duration:4:11Duration:12:31

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