Summary:

Geopolitical production shocks, structural energy market volatility, and an accelerating wave of clean energy demand have converged to push aluminium prices to their highest levels since March 2022 (approaching $3,700 per tonne on the LME). Due to the effective closure of the Strait of Hormuz and direct hits to massive regional smelters (such as Bahrain’s ALBA and UAE’s EGA), over 5 million tonnes of annual regional supply have been severely disrupted, drastically driving up input costs for downstream manufacturers.

Article Link :

https://discoveryalert.com.