Two aluminum companies in the Middle East attacked; aluminum prices may surge to $4,000 per ton

MetaMuskRat · 2026-03-29T16:13:16+00:00

United Arab Emirates Global Aluminum and Bahrain Aluminum are affected by the Iran attack, leading to a decrease in aluminum production capacity in the Middle East and disruptions in the supply chain. As a result, aluminum prices have risen, and if the supply situation worsens, prices could climb to $4,000 per ton.

MetaMuskRat

2026-03-29 16:13:16

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On March 29, People’s Finance News reported that Emirates Global Aluminium (EGA) announced on the 28th that its plant in Abu Dhabi was attacked by Iranian forces; Bahrain Aluminium Company also confirmed on the 29th that some of its facilities were attacked by Iran. The Middle East is an important supply region for aluminum, accounting for about 8% to 9% of global aluminum production. The conflict has led to a significant reduction in local capacity, and with shipping disruptions in the Strait of Hormuz, both raw material input and finished product export channels are hindered. According to reports, the three-month aluminum price on the London Metal Exchange has risen by about 10% this year. Citibank analysts previously predicted that if the supply situation deteriorates, aluminum prices could climb to $4,000 per ton, well above the current level of around $3,300 per ton. (CCTV Finance)

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