Aluminum prices have surged to their highest level in four years after a major Middle Eastern supplier suspended deliveries.Aluminium Bahrain(Alba) has declared force majeure on shipments this Wednesday, citing disruptions to transit routes through the Strait of Hormuz.
The action effectively paused deliveries from one of the world's key suppliers. According to Reuters, prices on the London Metals Exchange rallied as high as $3,418 per ton, the highest level since April 2022. Aluminum has now risen more than 9% this year, outperforming many other industrial metals as supply risks grow.
The Gulf Bottleneck
Alba's halt does not stem from...
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