US-Iran Conflict Threatens Aluminium Supply, Sparks Price Shock in US, Europe

• Escalating US-Iran conflict puts Middle East aluminium exports at risk, threatening supply to US and Europe.
• Potential disruption to the strategically vital Strait of Hormuz could severely impact aluminium flows from Gulf producers.
• US and Europe heavily depend on Middle Eastern aluminium, importing 21-22% of their total supply from the region.
• Aluminium prices on the London Metal Exchange and physical premiums in Europe and US have already surged due to geopolitical risk.
• Rising energy costs from the conflict will further increase production expenses, impacting industries like transport and packaging.