Bahrain's Alba shuts 19% of aluminium capacity as Hormuz disruption continues - Reuters
Bahrain's Alba shuts 19% of aluminium capacity as Hormuz disruption continues Reuters
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<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxOMHBWd2NjWjFJajdkeGdQRjEyQ2xmUTg5Q0g3YXgwbkowSERhU1VZN3lqZV9TdFpKbzhTYUFLTC1PSjFMeXgwR0R2OGxSREttZ3QtaG8xcm8zSGNtVlJnNGVmNnIyeVZWbzVjTmY0TnF2bVBvRlFEX2dFREgwWjdwNlNGdDZ2Ym1ERWRsOE5lZVNFMWNKOWtpam5vbnZuaC1zZmRHYWg3UWdtY296SHNZbDFzOEZqVlpjYU82Q2h6alQ?oc=5" target="_blank">Bahrain's Alba shuts 19% of aluminium capacity as Hormuz disruption continues</a> <font color="#6f6f6f">Reuters</font>
The war in the Middle East -- which has prompted two major smelters in the region to announce production cuts -- is starting to put pressure on European aluminum producers and users through double-digit spikes in metal and electricity prices, prompting their representative association to double down on its campaign for Europe's autonomy in aluminum.
Insurers providing war cover in Persian Gulf countries face higher risks as the US and Israel continue their air campaign against Iran. Iran has hit a range of non-military targets in the Gulf in retaliation for the US-Israeli airstrikes, which began Feb. 28. Attacks on critical infrastructure in Gulf states are likely to continue as the US and Israel degrade Iran's longer range attack capabilities, target critical Iranian infrastructure and the Islamic Revolutionary Guard Corps (IRGC) operate more autonomously.
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