Aluminum prices rise after Iran
Photo: Aaron Ufumeli /AP/TT

Aluminum prices rise after Iran attacks on UAE and Bahrain plants

Iran's attacks on aluminum plants in the United Arab Emirates and Bahrain have caused aluminum prices to rise significantly.

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During Monday's trading on the London Futures Exchange, the price rose by up to six percent.

Around nine percent of global aluminium production takes place in the Middle East, and one of the plants commented on the attack, saying it suffered “significant damage”. Shutting down and restarting a smelter is both time-consuming and costly. Aluminium is also the most widely used metal after steel, which is why there are now concerns about the consequences for the global economy.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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