Aluminum Prices Surge Nearly 90% Amid Iran War; Kiplinger Advises Portfolio Adjustments
Since the start of the war with Iran on February 27, aluminum prices have surged nearly 90%, driven by supply disruptions through the Strait of Hormuz. This has led to a global deficit and significant gains for major producers like Alcoa (AA), Century Aluminum (CENX), and Kaiser Aluminum (KALU). Kiplinger recommends adding commodities via ETFs such as DBC to hedge against inflation.
Topics: commodity prices ETFs geopolitical impact supply chain