The Gulf’s 3.5 million tonnes of aluminum output is at risk because of the Iran war, and could trigger a global supply crisis according to analysts Wood Mackenzie.
Emirates Global Aluminium has halted operations in Abu Dhabi, after its Al Taweelah site sustained “significant damage” during an Iranian attack on March 28. That takes 1.6 million tonnes a year of production offline and it could take a year to repair. Aluminium Bahrain (Alba)’s facility was also hit by Iran on March 28 and its 1.6 million-tonne-a-year plant may now be working at just 30% of capacity. Qatar’s Qatalum is operating at around 60% capacity.
The Gulf accounts for around 23% of global, non-China aluminum production. Most Gulf output is sold overseas and the regional crisis is having a knock-on effect globally. Aluminum is in high demand from fast-growing industries such as electric vehicles, solar panels, wind turbines, and data centres. Prices are now at their highest level in four years.
latest_posts
- 1
Latvia seeks emergency UN meeting over Russian missile attack on Lviv - 2Japan deploys the military to counter a surge in bear attacks
- 3Moderna to complete US mRNA manufacturing network with $140 million investment
- 4Vote In favor of Your Favored Language Learning Applications
- 5Hamas delegation meets Egypt’s spy chief amid mutual ceasefire violation claims
- Vote In favor of Your Favored Comupter Game
- The most effective method to Decisively Use Open Record Rewards
- Figure out How to Recognize the Right Areas for 5G Pinnacles\
- Becoming Familiar with an Unknown dialect: My Language Learning Excursion
- The Development of Shipping: Controlling Towards a More Associated Future
- Which sandwich do you find totally delectable? !
- CDC changes kids' vaccine schedule, removing universal recommendation for some shots
- Agios Pharma shares jump as US FDA expands approval for its blood disorder drug
- Smooth out Your Funds: Cash The board Simplified
