aluminum

China’s aluminum exports surge 14% as Iran war guts Gulf output

China has emerged as a critical aluminium supplier for Western markets struggling with severe production disruptions in the Gulf region, where the Iran conflict has knocked out a substantial share of global output. But the shift comes with a catch:…

Aluminum hits seven-week high as Hormuz talks stall

Aluminum advanced for a seventh consecutive day on Monday, climbing to its highest level in seven weeks as fading prospects for a quick resolution to the Strait of Hormuz standoff fueled concerns over prolonged supply disruptions from the Middle East.

Norsk Hydro warns of deepening aluminum deficit amid Hormuz shutdown

Norsk Hydro CEO Eivind Kallevik warned on Tuesday that the global aluminum market faces deepening deficits as renewed disruptions to shipping through the Strait of Hormuz compound pressure on already-strained supply chains, even as the Norwegian producer reported strong second-quarter…

Alcoa to buy South32’s aluminum assets for $4.1B

Alcoa announced on Tuesday a definitive agreement to acquire South32's bauxite, alumina, and aluminum operations in a deal valued at $4.1 billion in cash and stock, with an implied enterprise value of approximately $4.7 billion including net debt.

Vitol ships stranded aluminum through Strait of Hormuz

Vitol Group has shipped a stranded cargo of aluminum through the Strait of Hormuz, marking what appears to be the first known bulk transit of the metal through the waterway since the start of the Iran war in late February,…