Aluminum prices rise after Iran attacks on UAE and Bahrain plants

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Aluminum prices rise after Iran attacks on UAE and Bahrain plants
Photo: Aaron Ufumeli /AP/TT

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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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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