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GCC

Strait of Hormuz limbo: Aluminium trade faces shipping and fuel supply concerns
SupplementAL
The Strait of Hormuz trade corridor remains at the centre of uncertainty as conflicting claims over its operational status continue to unsettle global shipping markets. While oil and liquefied natural gas (LNG) supply remains in a suspended state, the aluminium industry, sourcing the 5.5 million tonnes of primary aluminium shipped by the Gulf Cooperation Council (GCC) of the Middle East, continues to bear the brunt of trade uncertainties.   Shipping concerns renewed after Iran announced that ...
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 ...

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 ...
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