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Aluminium market headed for 'unprecedented crisis' warns WoodMac

From miningweekly.com

The Iran war is triggering an unprecedented crisis in the global aluminium market with potentially devastating knock-on effects across sectors as diverse as construction, packaging, transport and green energy, says consultancy Wood Mackenzie. Even if the war were to end tomorrow, it could take up to a year for Emirates Global Aluminium to recover from the damage inflicted by a missile strike on its Al Taweelah smelter in March. Aluminium Bahrain, the largest single-site production plant outside of China, has also been hit, although the extent of the damage is currently unknown. Alba had already reduced output prior ... (full story)

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  • Category: Fundamental Analysis