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Japanese Aluminum Premiums Hit Record Amid Middle East Supply Disruptions

Major producers Rio Tinto Group and South32 Ltd. have quoted Japanese aluminum buyers record-high premiums for third-quarter deliveries as geopolitical tensions in the Middle East constrain global supplies. The price surge reflects tightening conditions across commodity markets. Energy costs have climbed sharply amid regional instability. Global supply chain disruptions have rippled through logistics networks, with air cargo demand rebounding in April after a March slowdown linked to Middle East conflict. Regional conflicts continue affecting freight and commodity markets. Japanese buyers face mounting procurement costs as competition for limited aluminum supplies intensifies among major consuming nations.