Aluminium futures near 4-year highs on Middle East crisis
Alcoa and Century Aluminum rallied as Middle East tensions pushed aluminium futures to four-year highs. Alcoa gained 15% and Century 27% since the conflict began, with Goldman Sachs upgrading Alcoa to 'Overweight' with an $80 target on supply deficits. Despite recent profit-taking, robust demand and supply disruptions continue to support the bullish outlook for aluminium stocks.