Yonhap Infomax News1d ago
Aluminum prices surge to highest since 2022 following Iran attacks on Gulf producers, raising global supply shortage concerns as Strait of Hormuz blockade disrupts 9% of world supply, with analysts debating whether China's idle capacity can offset potential market deficit amid escalating Middle East conflict.
#YonhapInfomax #AluminumPrices #IranConflict #SupplyShortage #ChinaProduction #GulfRegion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112901
Aluminum Prices Surge on Iran Attack Supply Fears - Can China Come to the Rescue?

Aluminum prices surge to highest since 2022 following Iran attacks on Gulf producers, raising global supply shortage concerns as Strait of Hormuz blockade disrupts 9% of world supply, with analysts debating whether China's idle capacity can offset potential market deficit amid escalating Middle East conflict.

Yonhap Infomax
Yonhap Infomax News1d ago
Iran's weekend strikes on two major Middle East aluminum facilities sent LME aluminum futures surging 5.5% to $3,492 per ton, the highest since April 2022, as supply concerns intensify with the Gulf region accounting for 9% of global production and the Strait of Hormuz effectively blockaded.
#YonhapInfomax #AluminumPrices #IranAttack #EmiratesGlobalAluminium #SupplyShortage #LondonMetalExchange #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112827
Iran Strikes Major Middle East Aluminum Plants, Heightening Supply Risk

Iran's weekend strikes on two major Middle East aluminum facilities sent LME aluminum futures surging 5.5% to $3,492 per ton, the highest since April 2022, as supply concerns intensify with the Gulf region accounting for 9% of global production and the Strait of Hormuz effectively blockaded.

Yonhap Infomax