Dutch International Group: Aluminum prices rise, influenced by concerns over continued market supply tightness.

Emirates Global Aluminium has stated that it may take up to a year for its Al Taweelah production facility to fully recover after being attacked by Iran. In early trading, three-month aluminum futures on the London Metal Exchange rose by 1.1% to $3,505.50 per ton. Analysts at the Dutch international group have said, "Since the start of the Iran war, LME aluminum prices have risen by over 10%, reflecting a continuous increase in geopolitical risk premiums and growing market concerns that interruptions in the Middle East could prolonged supply tensions rather than short-term supply shocks." According to the Dutch international group, the shutdown of Emirates Global Aluminium's Al Taweelah smelter, production cuts by Alba, and previous cuts at the Qatalum smelter could lead to a reduction of around 3 million tons of annual capacity, almost half of the aluminum production in the Middle East.