The Gulf’s 3.5 million tonnes of aluminum output is at risk because of the Iran war, and could trigger a global supply crisis according to analysts Wood Mackenzie.
Emirates Global Aluminium has halted operations in Abu Dhabi, after its Al Taweelah site sustained “significant damage” during an Iranian attack on March 28. That takes 1.6 million tonnes a year of production offline and it could take a year to repair. Aluminium Bahrain (Alba)’s facility was also hit by Iran on March 28 and its 1.6 million-tonne-a-year plant may now be working at just 30% of capacity. Qatar’s Qatalum is operating at around 60% capacity.
The Gulf accounts for around 23% of global, non-China aluminum production. Most Gulf output is sold overseas and the regional crisis is having a knock-on effect globally. Aluminum is in high demand from fast-growing industries such as electric vehicles, solar panels, wind turbines, and data centres. Prices are now at their highest level in four years.
latest_posts
- 1
Ukraine's naval drones are gunning for Russia's 'shadow fleet.' A security source says a tanker just suffered a critical hit. - 2Top Smoothie Flavor: What's Your Mix?
- 3Surprising links between autism, Alzheimer’s could change how we treat both
- 4World leaders, rights groups react to COP30 climate deal
- 5Revvity says it will exceed 2025 profit forecast range
- Scientists document a death from a meat allergy tied to certain ticks
- Japan deploys the military to counter a surge in bear attacks
- Consume Fat Quick: 10 Demonstrated Activities for Ideal Outcomes
- Family-Accommodating Snow Sports Experiences
- Thousands of Walgreens nasal spray bottles recalled. See which ones.
- Palestinian infant freezes to death in Gaza as Israel keeps blocking aid
- I binged all 24 Hallmark Christmas movies in less than 30 days. I emerged a changed man.
- Golan resident convicted of spying for Iran after passing tank movement, missile-impact data
- Two Israeli infants among wounded by shrapnel in overnight Iranian missile barrage
