Middle East Missile Strikes Remove 2.4 Million Tonnes of Aluminum Production, Deepening Global Supply Crisis

Aluminum The aluminum market is facing its most severe supply shock in years after Iranian missile strikes on two of the world’s largest smelters — Emirates Global Aluminium’s Al Taweelah facility and Aluminium Bahrain’s primary plant — knocked out an estimated 2.4 million metric tonnes of annual aluminum production capacity. Combined with prior curtailments at Alba and Qatalum, total Middle East output losses now approach 3 million tonnes per year, according to Wood Mackenzie, representing a structural blow to a market already grappling with depleted London Metal Exchange wa...