US Stock Market Move | Aluminum stocks surge: Alcoa Corporation (AA.US) rises more than 10%

On Monday, aluminum stocks surged, with Alcoa Corporation (AA.US) rising over 10%; Century Aluminum Company (CENX.US) surged over 20% at one point, and as of the time of writing, it was up nearly 10%; Kaiser Aluminum Corporation (KALU.US) rose 3%. In terms of news, aluminum production in the Middle East has been significantly reduced, leading to record-high premiums overseas in the past 19 years. Recently, the largest aluminum producer in the Middle East, Emirates Global Aluminium (EGA) from the UAE, announced that its Taweelah production base in the Abu Dhabi Khalifa Industrial Zone was directly attacked by Iranian missiles and drones, resulting in "serious damage". It is reported that as the largest aluminum producer in the Middle East, Emirates Global Aluminium (EGA) plays a crucial role in the global supply chain and is an important supplier in the global market. According to the company's official website, for every 25 tons of aluminum produced globally, one ton comes from Emirates Global Aluminium. This represents 4% of global production capacity. The facilities that were attacked include a smelter that is expected to produce 1.6 million tons of cast aluminum by 2025, as well as a refinery that provides alumina (the main raw material for this metal) to the smelter. This incident not only signifies the political conflict involving GEO Group Inc officially reaching the core industrial capacity in this region, but also indicates that the global aluminum supply chain is facing risks of disruption.