Canada’s aluminum producers set to gain as Middle East war disrupts global supply and lifts prices nearly 10%

The war in the Middle East has disrupted aluminum output, pushing prices to a four-year high and leaving them nearly 10% above pre-conflict levels. Gulf producers account for about 9% of global supply, and analysts say restarting damaged or idled smelters could take months to more than a year, keeping the market tight through year-end. For Canada, where 96% of aluminum is produced with hydroelectric power, higher prices have helped cushion the impact of 50% U.S. tariffs and contributed to a rebound in shipments to the United States.