Aluminum Rises as Major Smelter Slashes Output in Middle East
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Aluminum advanced after one of the world’s biggest smelters of the metal closed almost a fifth of its capacity, deepening the risk of shortages as the Iran war chokes supplies from the Middle East.Aluminium Bahrain BSC has started a phased shutdown of three production lines, together accounting for 19% of its total output capacity, the firm said on Sunday. Alba, as the company is known, is aiming to conserve raw materials while shipping through the Strait of Hormuz faces disruptions.