Aluminum hits 4 year high as US plans Hormuz blockade
NewsBytes | April 13, 2026 4:39 PM CST
Emirates Global Aluminium declares force majeure
Things got even messier when Emirates Global Aluminium had to declare force majeure (basically, it can't fulfill some contracts) after one of its smelters was attacked by Iran.
This has sent price spreads on the London Metal Exchange soaring to levels not seen since 2007, showing just how unpredictable and shaky the aluminum market is right now.
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