Yonhap Infomax NewsIran'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.
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https://en.infomaxai.com/news/articleView.html?idxno=112827
#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.