Industrial metals jumped to a record high on the London Metal Exchange, driven by gains in aluminum after the Middle East war disrupted supplies, as well as a recent revival in copper.
An LME Index, which tracks six major metals, has rallied by almost 12% over the past four weeks and was at an all-time peak on the close on Thursday. Aluminum has risen about 15% since the start of the Iran war, with around 9% of global output coming from the Middle East.
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