Aluminium

Aluminium prices hit a four-year high due to concerns about larger shortages on the global market caused by the conflict in the Middle East and the closure of the Strait of Hormuz.

Aluminium prices sank to a one-week low following reports of potential tariff reductions, indicating that the removal of tariffs would ease the flow of Aluminium into global markets. This suggests a positive impact on supply.

Aluminium production is identified as a major source of GHG emissions within the mining and metals sector, and its decarbonization represents a significant opportunity for sector-level decarbonization.

The supply of Aluminium is becoming a challenge for the automotive sector due to prolonged geopolitical tensions, potentially affecting production.

Aluminum, derived from Bauxite, is listed as a critical mineral by the U.S., and increased legal mining in Venezuela could bolster its supply.