MYSTEEL: Global aluminum prices seen buttressed by Middle East supply shortages

Despite warnings that a global economic slowdown may weigh on world aluminum demand, the impact of further disruptions to primary aluminum production in the Middle East is likely to offset any demand-side weakness, supporting global aluminum prices, according to a recent analytical report by Mysteel on the light metal.

Over the past weekend, primary aluminum smelting and rolling facilities in the region suffered further damage, with those operated by Emirates Global Aluminium (EGA) in the United Arab Emirates (UAE) and Aluminium Bahrain (Alba) in Bahrain reportedly hit by Iranian military attacks. On March 28, EGA – which hosts a