Aluminum prices surged by 2.1% on Tuesday, reflecting the largest intraday increase since April 13, as the ongoing ceasefire between the US and Iran alleviated concerns about a potential escalation into war. The US government downplayed the likelihood of renewed conflict following recent clashes in the Strait of Hormuz, which is critical for global shipping. General Dan Caine, chairman of the Joint Chiefs of Staff, confirmed that the ceasefire, which began nearly a month ago, remains effective despite recent Iranian attacks on vessels in the Persian Gulf and the United Arab Emirates. The stability of aluminum prices is also attributed to supply tightness, as disruptions in the Strait of Hormuz, which accounts for nearly 10% of global aluminum supply, have hindered shipments. Additionally, Iranian strikes on major smelters in March have complicated the supply outlook, contributing to a 14% increase in aluminum prices since the conflict's onset in late February. As of 12:05 p.m. New York time, aluminum was priced at $3,582.00 per ton on the London Metal Exchange, with copper and zinc also experiencing gains of 1% and 0.7%, respectively.