Israel and the United States announced military strikes against Iran, and the Strait of Hormuz is currently closed. This event is highly correlated with the price trends of crude oil, gold, and some petrochemical products, and less so with industrial metal prices. It is expected that metal prices will be affected by the rise in these commodities. Overseas markets are focusing on the duration of the event’s impact and the future operation of Iran’s aluminum industry, as Iran is a net purchaser of alumina.
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