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Aluminum’s war shock blunted by dark transits and Chinese supply

The Iran war triggered one of the biggest shocks to the global aluminum market, raising fears of widespread smelter shutdowns and prices surging above $4,000 a tonne. However, a strong supply response from the Middle East, China and Indonesia helped prevent a full-blown crisis.

Raccontata daeconomictimes.indiatimes.comthehindubusinessline.com

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2 prospettive sulla stessa storia
AI · summaries
thehindubusinessline.com3 g fa

West Asia outages to keep aluminium market tight near-term: Goldman Sachs

West Asia outages extend to 2027, then Indonesian and Chinese production flip aluminium from 720kt deficit (2026) to 590kt surplus (2027). Supply tightness supports $3,300/t through Q3 2026; structural surplus forecast at $2,950/t in 2027 means margin compression in tech infrastructure capex budgeting.

Leggi questa versione → originale
economictimes.indiatimes.com3 g fa

Middle East outages to keep aluminium market tight near-term, but Indonesia-China supply wave caps upside:…

Goldman Sachs raised 2026 aluminium to $3,300/t on Middle East delays, pivoting bearish for 2027 as Indonesia and China drive 1.3Mt surplus. Supply consolidation in Asia signals margin compression for infrastructure vendors relying on cooling systems and commodity-linked sourcing.

Timeline cronologica

  1. domenica 21 giugno 2026·economictimes.indiatimes.com

    Middle East outages to keep aluminium market tight near-term, but Indonesia-China supply wave caps upside: Goldman Sachs

    Aluminium prices are expected to remain high in the short term due to ongoing Middle East disruptions, which are now projected to extend into 2027. However, a significant increase…

  2. domenica 21 giugno 2026·thehindubusinessline.com

    West Asia outages to keep aluminium market tight near-term: Goldman Sachs

Leggi questa versione → originale

Even if the Strait of Hormuz reopens under the announced interim deal, smelters cannot immediately return to full capacity as damaged potlines need repairs and curtailed capacity…

  • domenica 21 giugno 2026·economictimes.indiatimes.com

    Aluminum’s war shock blunted by dark transits and Chinese supply

    The Iran war triggered one of the biggest shocks to the global aluminum market, raising fears of widespread smelter shutdowns and prices surging above $4,000 a tonne. However, a…