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- LME Aluminum 3M Select trades $-46.75 lower to $3154 at 8:12:22 AM
- (Bloomberg) – Aluminum fell after Emirates Global Aluminium said it restarted a key alumina plant in Abu Dhabi that was attacked in the early stages of the Iran war. The company — the Middle East’s top aluminum producer — said it expects output at the Al Taweelah refinery to reach 50% of capacity within days. Alumina produced at the facility feeds a major aluminum smelter at the same industrial complex, which was also knocked offline by drone and missile strikes in late March. Earlier this month, EGA said it was aiming to speed up the restart of the smelter, boosting supply prospects in a region that accounts for about 10% of global output. The metal is still on course for a 2% gain this week, with renewed hostilities between the US and Iran once again threatening to curb the transit of alumina and aluminum through the Strait of Hormuz.
- LME Copper 3M Select trades $-8 lower to $13481 at 8:12:22 AM
- CME HRC Steel last traded at $1156 and $1 higher at 5:28:29 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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