Aluminium Bahrain, which hosts the world’s largest smelter of the metal, said on Sunday its facility was subjected to an Iranian attack as the U.S.-Israel-led war extended into a second month.
The company, known as Alba, said in a statement that the attack happened on Saturday.
“Alba is assessing the extent of the damage to its facilities and remains focused on maintaining its operational resilience and the safety of its employees,” Alba said.
The company had cut production capacity by 19% of its 1.6 million tons of annual output “as an operational measure to preserve business continuity amid ongoing supply and transit disruptions affecting the Strait of Hormuz,” the company said on March 15.
The production cuts have been adding to fears of a global shortage of the metal. Aluminum prices surged to four-year highs earlier this month before paring some of those gains. They remain 4.3% above their Feb. 27 levels.
