Aluminum Prices Jump 17% on Supply Shock Fears

London aluminum prices have surged nearly 17% since U.S.-Iran tensions began, with major banks warning of supply disruptions from Middle East smelter outages and potential Chinese production cuts during emissions inspections. The supply shock could strengthen commodity-linked currencies like AUD and CAD while weighing on manufacturing-dependent economies. Traders should watch for inflation pressures affecting central bank policies in major economies.