World's Top Aluminium Smelter Cuts Output Due to Shipping Chaos

AI Summary

Aluminium Bahrain (Alba), the world's largest single-site aluminium smelter, has cut output by roughly 20% due to shipping chaos in the Strait of Hormuz. The disruption is spreading from energy markets into industrial metals, threatening global supply chains and pushing aluminium prices higher.

The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three reduction lines…