Amid mounting tensions in the Middle East, aluminum price spiked to a nearly four-year high owing to disruptions in aluminum shipments wrought by the Persian Gulf conflict. The region accounts for approximately 9% of global aluminum supply, and traders are embattling for potential further transportation disruptions woe.Related NewsJPM Favors CHALCO/ CHINAHONGQIAO, Envisions Coal, Aluminum to Shine in Short TermAluminum price on the London Metal Exchange (LME) hiked by as much as 1.6% to USD3,499.5 per ton, marking the highest level since April 2022. With at least two major smelters in the Middle East forced to halt supply, U.S. metal buyers are scrambling to seek alternative sources from Asia.CHALCO (02600.HK) +0.010 (+0.073%) Short selling $59.05M; Ratio 6.287% opened flat today (9th) and last posted at HKD13.59, down 0.59%, with a turnover of 24.572 million shares, involving HKD332 million. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-09 16:25.)Related NewsCiti Raises LME Aluminum TP to USD3.6K/ Ton; Bullish Scenario Estimate at USD4K/ Ton