Aluminum Surges 2.31% Amid Worries of Middle East Supply Disruptions
Qatalum suspends production and Aluminum Bahrain declares force majeure, amplifying tensions in a market where the Middle East accounts for 9% of global supply.
| Countries | États-Unis, Qatar, Bahreïn, Chine, Iran |
|---|---|
| Companies | America First Refining, Reliance Industries, Qatalum, Aluminium Bahrain, SDIC Futures |
| Sector | Pétrole, Raffinage |
| Theme | Marchés & Finance, Prix |
The most-traded aluminum contract on the Shanghai Futures Exchange (SHFE) rose 2.31% on Wednesday, to $3,681 ($25,275 yuan) per metric ton. This rally came after a 1.41% decline on Tuesday, triggered by Donald Trump's comments suggesting an imminent end to the Iran conflict, which temporarily eased supply concerns. On the London Metal Exchange (LME), the three-month reference contract gained 0.5% to $3,423 per ton, after reaching a high of $3,544 on Monday.
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