Iran War Hits Gulf Aluminum Smelters, Boosts China's Production

The Iran wars closure of the Strait of Hormuz is causing a major aluminum crisis in the Gulf. With only two refineries serving six smelters, the damage to Emirates Global Aluminums Al Taweelah site has shut down the smelter and disrupted shipments. Producers are cutting back, and prices remain low due to a flooded market. Saudi Arabias Maaden is stepping in with emergency alumina, but China is benefiting from the situation, increasing its global production share to over sixty percent. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/707337a9cd31168e