Aluminum supply in Persian Gulf may be affected

It is reported that Aluminum supply in Persian Gulf may be affected due to the intense political situation. Besides, a concern of electricity supply and higher operating costs will aggravate the aluminum development in the area. The traditional aluminum industry production area is deeply influenced by the soaring electricity price. Therefore, several main aluminum producers in Europe and America have constructed their new factories in Middle East to reduce costs. The Middle East produced 1.75 million tonnes of aluminum last year which was about 3.5% of total world production. An analyst has warned of a tight aluminum supply in the global market by shortfalls in production in the Middle East. Source: steelguru