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Aluminium Bahrain plants damaged after attacks – aluminium prices and mining stocks rise
Iranian attacks damaged production facilities in the Gulf region, notably Emirates Global Aluminium and Aluminium Bahrain, threatening roughly nine percent of global aluminium output. Fears of shortages and disruptions to export routes through the Strait of Hormuz pushed the LME price near a four‑year high (above $3,400). As a result, shares of producers such as Alcoa, Rio Tinto and Century Aluminum climbed markedly. » Altro su finanzen.net
Aluminium Bahrain and Gulf outages push aluminium price to four-year high
The aluminium price briefly rose to around $3,500 per tonne, reaching its highest level since 2022. Production stoppages in the Gulf region—including the shutdown of Qatalum and a force‑majeure declaration by Aluminium Bahrain due to logistical disruptions—have tightened supply and reduced inventories, particularly in Asia. Analysts see further upside to about $4,000 if outages persist, while higher energy costs and possible export increases from China could shape the market’s next moves. » Altro su handelsblatt.com
