Commerzbank says if the Strait of Hormuz remains blocked until end of May, Aluminum prices could temporarily rise to almost USD 4,000/tonne
The warning from Commerzbank regarding potential disruptions in the Strait of Hormuz highlights significant supply risk for aluminum prices.
French Finance Minister Lescure says France have entered the crisis on a strong footing but will have an economic slowdown in the short-term
French Finance Minister Lescure says France have entered the crisis on a strong footing but will have an economic slowdown in the short-term
Commerzbank says if the Strait of Hormuz remains blocked until end of May, Aluminum prices could temporarily rise to almost USD 4,000/tonne
Qatar Foreign Ministry Spokesperson denies there have been talks with Iran over the payment of funds to stop its attacks on Qatar; there is a high level of coordination with Pakistan and the US, Qatar's demands are being raised through these channels
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If the blockade extends through May, prices could spike towards USD 4,000/tonne, which would reflect heightened geopolitical tensions and supply chain constraints. Traders should consider how this outlook could impact inflation expectations and broader market sentiment, particularly for industries reliant on aluminum.
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