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Aluminum prices are surging. Here's how companies are handling the costs

CNBC · May 5, 2026, 8:22 PM · Also reported by 3 other sources

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  • Aluminum's surge to multiyear highs in the wake of the U.S-Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans.
  • Aluminum on the London Metal Exchange has surged more than 13% since the U.S.-Israeli strikes on Iran.

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Aluminum's surge to multiyear highs in the wake of the U.S-Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans.

Aluminum on the London Metal Exchange has surged more than 13% since the U.S.-Israeli strikes on Iran. The commodity is now up around 19% so far in 2026 and has touched its highest levels since 2022 this year.

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