China's aluminium exports now poised to grow as Iran war hits global supply | Metals Mine

  • China's aluminium exports now poised to grow as Iran war hits global supply

    From miningweekly.com

    Chinese exporters of aluminium products are now expected to have a much better year as the Iran war tightens global supply and boosts margins, with some earlier forecasts for flat shipments revised sharply higher. The Gulf accounted for roughly 9% of global supply before the war but most of that has been trapped by the closure of the Strait of Hormuz. Moreover, Iran's recent attacks on two of the region's biggest aluminium smelters have heightened the risk of a supply deficit even if the waterway is opened. "It's difficult for the aluminium production lines that sustained damage to recover in the short term, and that ... (full story)

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