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Top Stories
LME aluminium hits 4-year high with cash offer price up 4% amid Hormuz blockade fear
14 Apr 20263MINS
The London Metal Exchange (LME) aluminium price on April 13 saw the highest price in the last four years. The surge came after the US military said it would be imposing a blockade of the Strait of Hormuz, which is deemed to be the key port for shipping out metals from the Middle East. Given that t ...
EGA announces force majeure on aluminium deliveries as operations halt at world’s largest smelter
13 Apr 20262MINS
The top aluminium producer of the Middle East, Emirates Global Aluminium (EGA), has invoked force majeure clauses for the partial suspension of deliveries due to the damage sustained by its Al Taweelah smelter in the United Arab Emirates (UAE) from the Iranian drone and missile attacks.  Explore ...

08 Apr 20266MINS
Restricted trade from the Gulf countries through the Strait of Hormuz and EGA’s Al Taweelah smelter becoming inoperative for a year due to Iranian strikes are seen as an opportunity for China’s aluminium export growth by many market analysts. Whether this ambition may turn real or not is something ...
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