Summary: The ongoing crisis in the Middle East has reached a tipping point. Wood Mackenzie reports that the closure of the Strait of Hormuz is now threatening nearly 18% of global exports (excluding China). Major producers like EGA (UAE) and Alba (Bahrain) have faced direct operational disruptions and alumina shortages. This supply vacuum is pushing LME prices toward $3,500/tonne, a level that will significantly impact the input costs for extrusion billets globally.

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https://www.woodmac.com