Aluminum hits highest since 2022 as Alba declares force majeure
Aluminum prices surged to the highest since 2022 after Aluminium Bahrain suspended deliveries of metal to some customers under so-called force majeure clauses in its supply contracts. The company, known as Alba, is a major supplier of aluminum in the Middle East, where outbound shipments to customers have been impacted by an effective halt on voyages through the Strait of Hormuz. It confirmed the force majeure on Wednesday, after Bloomberg earlier reported the move.
Aluminum prices surged to the highest since 2022 after Aluminium Bahrain suspended deliveries of metal to some customers under so-called force majeure clauses in its supply contracts.
The company, known as Alba, is a major supplier of aluminum in the Middle East, where outbound shipments to customers have been impacted by an effective halt on voyages through the Strait of Hormuz. It confirmed the force majeure on Wednesday, after Bloomberg earlier reported the move.
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