Overview
- Emirates Global Aluminium and Aluminium Bahrain reported facility damage and worker injuries following Saturday's missile and drone strikes, with both firms still assessing the impact.
- London Metal Exchange prices jumped as high as about $3,492 per tonne on Monday and physical premiums climbed, while U.S. aluminum stocks rallied on supply concerns.
- Iran’s Revolutionary Guard claimed the attacks as retaliation for earlier strikes on Iranian industrial sites, and authorities in Abu Dhabi said three Kezad fires linked to missile interceptions were contained with six people injured.
- Logistics were already strained by Iran’s effective closure of the Strait of Hormuz, and Alba had earlier begun a controlled shutdown of roughly 19% of its capacity as EGA pointed to substantial metal stock held on ships and overseas depots.
- Analysts warn the hits raise the risk of a physical deficit because smelters require continuous power and stable gas supplies, and producers are testing alternate routes such as trucking via Oman or Saudi Arabia with no clear timeline for recovery.