Three-month LME aluminium futures rose 1.3% to USD 3,263.50/tonne as renewed optimism over US-Iran peace talks weakened the US dollar and eased fears over global energy supplies and shipping disruptions; earlier hostilities had shut the Bab-el-Mandeb Strait, cutting off the Red Sea–Gulf of Aden route and forcing vessels to reroute around the Cape of Good Hope, lengthening transit times and pushing up freight and insurance costs, while LME aluminium inventories fell 5,675 tonnes to 238,350 tonnes, signaling tighter exchange stocks.

On 30 July, London Metal Exchange (LME): Total stocks 264,400 tonnes, change -1,900 tonnes; Warranted stocks 245,250 tonnes; Cancelled warrants 19,150 tonnes, change -1,900 tonnes.

On 29 July, London Metal Exchange (LME): Total stocks 266,300 tonnes, change -1,500 tonnes; Warranted stocks 245,250 tonnes, change -100 tonnes; Cancelled warrants 21,050 tonnes, change -1,400 tonnes.

On 28 July, London Metal Exchange (LME): Total stocks 267,800 tonnes, change -1,500 tonnes; Warranted stocks 245,350 tonnes; Cancelled warrants 22,450 tonnes, change -1,500 tonnes.

On 27 July, London Metal Exchange (LME): Total stocks 269,300 tonnes, change -1,975 tonnes; Warranted stocks 245,350 tonnes; Cancelled warrants 23,950 tonnes, change -1,975 tonnes.

On 24 July, London Metal Exchange (LME): Total stocks 271,275 tonnes, change -1,500 tonnes; Warranted stocks 245,350 tonnes, change -50 tonnes; Cancelled warrants 25,925 tonnes, change -1,450 tonnes.