Goldman Sachs: The shadow of the Gulf War hangs over the prospects of the aluminum industry in the Arabian Gulf.

Goldman Sachs Group said that the prospects of the Arabian Gulf region becoming an important source of global aluminum supply in the coming years have been overshadowed by the wars in the region. The region currently accounts for one-fifth of global aluminum production outside of China, and the market originally expected more capacity to be added in the future. Trina Chen, co-head of Goldman's China equities business, said in an interview that supply disruptions caused by the conflict, including the shutdown of a large aluminum plant attacked by the Iranian military, have complicated expansion plans for the region. "Thanks to its energy advantage, we originally expected more aluminum smelters to be built here to meet future global demand growth," Trina Chen said on Thursday. However, she added that this expectation is now in doubt, which increases the long-term risk of rising aluminum prices.