Globally, Aluminum Prices Have Jumped.

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Shafaq News – Follow-up: Aluminum prices rose on Monday following attacks targeting two of the world's largest aluminum smelters in the Gulf region. The price of a ton of aluminum increased by 4.22% to $3,435, after having risen by 6% earlier in the day. Ipek Ozkardskaya, an analyst at Swissquote Bank, noted that "the escalation and expansion of the conflict in the Middle East led to a rise in crude oil and aluminum prices immediately after the …

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Sigríður Mogensen, director of the Confederation of Icelandic Industries, says that despite the fact that the price of aluminum is rising and demand is increasing, it is unlikely that it will have a positive effect on aluminum production in this country in the long term. The world market price of aluminum has increased by 5% after Iran attacked aluminum plants in Abu Dhabi, the United Arab Emirates and Bahrain. About 9% of the world's aluminum i…