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GCC

With Hormuz reopening and possibility of 700,000t of aluminium flowing into the market, here's the price outlook for H2 2026
Primary AL
Primary aluminium prices climbed to four-year highs in H1 2026 as the market grappled with tightening inventories and mounting concerns over supply disruptions linked to the conflict in the Middle East. The year began with the LME Aluminium Cash Price below USD 3000 per tonne and, over the next five months, rose by approximately 29.1 per cent to reach USD 3,855 per tonne on June 2. As tensions escalated, the Strait of Hormuz-one of the world's most important shipping routes faced significant r ...
The 730,000t question: Can NALCO and GAC rescue a faltering alumina market?
Alumina
As the 2026 primary aluminium production navigates through a rocky course, the global alumina production map is being redrawn by the respective geopolitical factors. The data accumulated by the International Aluminium Institute (IAI) depicted drastic drops in the cumulative alumina production volume across the world in April 2026, exhibiting a turbulent market environment. Global alumina production in April 2026 stood at 11.92 million tonnes, which recorded a month-on-month decline of 5.74 pe ...

Primary AL
As the Middle East conflict continues with full force, the Strait of Hormuz remains blocked, and 9 per cent of aluminium production and supply from the Gulf Cooperation Council (GCC) hangs by the thread of uncertainty. Compounded by the damages caused by the geopolitical unrest, GCC completes one-third of the April-June quarter (Q2) of 2026, with a staggering 26.87 per cent month-on-month production decline. GCC April’26 rings warning bells Aluminium production in the January-March quarter ( ...
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