Hormuz Delivers an Aluminum Shock: Analyst Reaction (Podcast)
Severe disruption in the Strait of Hormuz is rippling far beyond oil markets. Around 10% of global aluminum supply is tied to the Middle East, and with exports constrained, prices...
By Bloomberg · Bloomberg
Severe disruption in the Strait of Hormuz is rippling far beyond oil markets. Around 10% of global aluminum supply is tied to the Middle East, and with exports constrained, prices are surging and supply chains are tightening. The impact will extend across the global economy as aluminum is used from cars and electronics to construction, meaning higher prices can quickly feed through to everyday goods. While the shock may not change long-term supply outlooks, it is creating near-term shortages and