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Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike

Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike Over the weekend, both Emirates Global Aluminum (EGA) - the largest aluminum producers in the Gulf - and Aluminium Bahrain (ALBA) reported drone attacks damaging smelting facilities after hits on Iranian steel infrastructure last week. Neither company (at the time) confirmed whether supply will be impacted, but this morning the worst case appears to be confirmed with Reuters reporting that according to a Wednesday note by consultancy Wood Mackenzie "EGA's Al Taweelah facility in the United Arab Emirates halted...
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Jun 10, 2026 / Tyler Durden
Trump Says "US Will Be Attacking Iran Hard Again Today", Oil Spikes
Trump Says "US Will Be Attacking Iran Hard Again Today", Oil Spikes Summary Trump says "Will be attacking Iran hard again today" Trump tells Fox he "may keep going" with strikes. Trump says Iran took too long to negotiate, and now "will have to pay the price". Tehran claims prior night attacks in Kuwait, Bahrain and Jordan as fulfilment of its previously vowed 'retaliation' - targeted the Fifth Fleet headquarters in Manama, footage shows. Iran again signals it could cut off all indirect talks & any negotiations, says it is 'reviewing' US talks after latest exchange...
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Jul 1, 2026 / Tyler Durden
US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
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Aug 20, 2026 / Tyler Durden
By 2050, The World's Most-Populous Cities Will All Be In Africa Or Asia
By 2050, The World's Most-Populous Cities Will All Be In Africa Or Asia Across 150 years, familiar urban giants rise, fall, and give way to a new generation of megacities. This visualization, via Visual Capitalist's Gabriel Cohen, ranks the 15 most populous cities worldwide from 1950 to 2100 using population estimates from the European Commission’s JRC via Our World in Data. City boundaries were consistently defined based on satellite imagery and population data. The Transatlantic Era Tokyo led the 1950 ranking with 12.6 million people, followed by New York with 9.3 million. The Big Apple...
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