Aluminum Market Descends Into Supply ‘Black Hole’ Aluminum prices on the London Metal Exchange are climbing into the end of the week, reaching $3,621 a ton and approaching the peak seen during Russia’s 2022 invasion of Ukraine. The problem now is that the aluminum market has been thrust into a serious supply shock amid the U.S.-Iran conflict in the Middle East, one that is unlikely to be reversed in the near term. One big problem we highlighted last weekend was that Emirates Global Aluminum (EGA), the Gulf’s largest aluminum producer, declared force majeure on part of its contract book after… — Continue at ZeroHedge News : Read More
