Summary: Aluminum prices on the London Metal Exchange (LME) have climbed above $3,500 per tonne, the highest level in nearly four years. The closure of the Strait of Hormuz has effectively halted shipments from the Persian Gulf, a region responsible for approximately 9% of global output. Major producers like Qatar’s Qatalum and Bahrain’s Alba have declared force majeure, leading analysts to predict a persistent global deficit through the first half of the year.

Article Link :

https://economictimes.indiatimes.com