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
Select Your Cherished Fish - 212 Once-In-A-Lifetime Travel Experiences To Add to Your Bucket List
- 3'We were genuinely astonished': This moss survived 9 months outside the International Space Station and could still grow on Earth
- 4The Most Encouraging New companies to Look Out For
- 5Telescope in Chile captures stunning new picture of a cosmic butterfly
- Computerized Moderation: Tracking down Equilibrium in the Advanced Age
- James Webb Space Telescope finds strongest evidence yet for atmosphere around rocky exoplanet: 'It's really like a wet lava ball'
- Spain breaks jobs record with 22 million Social Security contributors
- NASA’s Artemis II launch leaves Americans in awe: ‘We’re going to the frickin’ moon!’
- Family-Accommodating Snow Sports Experiences
- Kona SUV: Exploring the Future with Hyundai's Visionary Hybrid
- Massive supernova explosion may have created a binary black hole
- A definitive Manual for Picking Electric Vehicle: Decision in favor of Your Number one
- South Africa collects record $117B tax haul
