0750 GMT - Aluminum prices rise after Emirates Global Aluminium said it could take up to a year before operations at its Al Taweelah production site are fully restored following an Iranian strike. In early trading, three-month futures on the London Metal Exchange gain 1.1% to $3,505.50 a metric ton. "LME aluminium prices are up more than 10% since the start of the Iran war, reflecting a rising geopolitical risk premium and growing concern that Middle Eastern disruptions could translate into sustained tightness rather than short-lived supply shocks," analysts at ING say. A halt at EGA's Al Taweelah smelter, producer Alba's reduced operations and earlier curtailments at Qatalum smelter could take around 3 million tons of annual capacity offline--nearly half of Middle Eastern aluminum production--, according to ING. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
April 07, 2026 03:52 ET (07:52 GMT)
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