After surging to a four-year high of US$3,787.50 per tonne in early June, London Metal Exchange (LME) three-month aluminum is now trading around $3,170 per tonne, which is exactly where it was before the United States unleashed its "Operation Epic Fury".

Production of Gulf smelters has slumped 20% this year after Iran missile strikes

Despite the Iran conflict disrupting more than 2 million metric tons of aluminium supply, prices have retreated to pre-war levels as markets bet that higher exports from China and…