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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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