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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…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)London 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…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)NYMEX Energy Futures Settle Higher with WTI Crude at $94.41 per Barrel
May WTI crude futures on NYMEX closed at $94.41 per barrel, up $18.54 or 16.41%. Diesel futures settled at $3.8084 per gallon, gasoline at $3.0059 per gallon, and natural gas at $2.7240 per MMBTU. These settlements reflect daily trading activity in energy markets.