Aluminum Market
5 stories related to this topic, newest first.
zerohedge.comGulf Disruptions Raise Aluminum Prices to Four-Year High
Severe disruptions in the Gulf region have led to major smelters declaring force majeure and the Hormuz chokepoint remaining blocked for much of the week. Analysts at Mercuria, JPMorgan, and Goldman Sachs warn of a significant supply deficit, with aluminum prices surging amid con…
zerohedge.comAluminum Prices Reach $3,615.90 per Ton Amid Middle East Conflict-Related Supply Disruptions
The ongoing Middle East conflict has disrupted aluminum production, leading to a major supply shock described as the largest in base metals since 2000. Prices rallied to multi-year highs amid shortages, with Mercuria projecting a 2 million ton deficit by year's end. Strikes targe…
zerohedge.comAluminum Prices Rise After Force Majeure Declaration by Major Producer
Aluminum prices on the London Metal Exchange reached $3,621 per ton, nearing levels seen during Russia's 2022 invasion of Ukraine. Emirates Global Aluminium declared force majeure on part of its contracts following strikes on its smelter. The company supplies 4% of global aluminu…
Substrate placeholder — needs reviewAluminum Market Enters Deficit Due to Middle East Disruptions
The aluminum market has shifted into a significant deficit following escalations in the Middle East. Disruptions at Gulf smelters have reduced capacity, impacting global supply and pricing. Analysts project potential deficits and elevated prices if issues persist.
Substrate placeholder — needs reviewLondon Aluminum Futures Reach Four-Year High Amid Gulf Supply Disruptions
Aluminum prices on the London Metal Exchange rose 1.4% to $3,547 per ton on Monday, driven by a U.S. blockade of the Strait of Hormuz set to begin at 10:00 a.m. New York time. Emirates Global Aluminum declared force majeure on parts of its contracts after halting operations at it…