Gulf Smelter Cuts Tighten Aluminum Outlook

ING Economic and Financial Analysis5.24K FollowersFollow5ShareSavePlay(4min)CommentsSummaryRecent output cuts at Alba and Qatalum underscore the aluminium market’s exposure to disruptions in the Persian Gulf.We have updated our aluminium scenarios to align with our latest oil market outlook while incorporating early signs of supply curtailments.Whether the market moves beyond our base case will largely depend on how quickly shipping disruptions through the Strait of Hormuz ease. Monty Rakusen/DigitalVision via Getty Images By Ewa Manthey, Commodities Strategist In our recent report, we highlighted how exposed aluminium markets are to disruptions in the Gulf and warned that an escalating conflict in the Middle East could push pricesThis article was written byING Economic and Financial Analysis5.24K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.