Aluminium prices surge amid Strait of Hormuz conflict
pre-market1 source ↓written by the desknot a recommendation
- of global aluminium
- 7%
- of global production
- 3%
The global aluminium market is facing severe disruption due to ongoing conflicts near the Strait of Hormuz. Exports from the Middle East, which account for 7% of global aluminium supply, have been effectively halted, pushing prices close to historic highs. Additionally, military actions have impacted 3% of global production capacity, leading to anticipated volatility in the market. ⚡
Not investment advice. For informational purposes only.