From copper oversupply to aluminium crisis: Middle East conflict reshapes metals market
What began as an overall surge in the metals market towards the beginning of the year has quickly turned far more uneven, as the ongoing Middle East conflict enters its fifth week. While early market sentiment was dominated by fears of a copper crisis, the unfolding reality focuses on a different crisis surrounding aluminium.
Global institutions, including the International Energy Agency, International Monetary Fund and World Bank, have already referred to the conflict as one of the most severe recent energy shocks. Beyond the immediate humanitarian impact, the geopolitical situation is disrupting trade routes, hoisting energy prices and introducing fresh volatility across markets.
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Next articleWorsening supply concerns and gradual demand recovery stabilised the geopolitical premium and the centre of aluminium prices
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