Aluminium Market Strains Amid Strait of Hormuz Energy Uncertainty

Post Views: 100 The Strait of Hormuz disruption Aluminium Market Pressured by Energy and Geopolitical Risks Global aluminium producers face mounting challenges as high energy prices and Middle East tensions disrupt supply. Primary aluminium production consumes around 14–15 MWh per tonne, making energy costs a critical factor. Following attacks on EGA and Alba smelters, LME aluminium prices jumped from $3,290 to over $3,585 per tonne, reflecting immediate market strain. European and Australian smelters report curtailed output due to escalating gas prices. Norsk Hydro cut Qatalum production to 6...