Aluminum smelter restarts to offset Middle East shortfalls, but gas prices pose risks

The aluminum market is assessing whether restarting idled smelters and building new capacity would be enough to offset supply shortfalls from the Middle East amid challenging fuel prices and the region’s share exceeding 20% in certain markets. “The Middle East accounts for 9% of global primary aluminum production, but in the ex-China market, the Gulf Cooperation Council’s share is huge,” Anoop M.The aluminum market is assessing whether restarting idled smelters and building new capacity would be enough to offset supply shortfalls from the Middle East amid challenging fuel prices and the region’s share exceeding 20% in certain markets. “The Middle East accounts for 9% of global primary aluminum production, but in the ex-China market, the Gulf Cooperation Council’s share is huge,” Anoop M.Read More