Al Taweelah smelter production restarts at Emirates Global Aluminium amid geopolitical risk from the Middle East conflict.

1 report, 1 independent Updated Jul 3

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Middle East Hormuz Emirates Global Aluminium

How it developed

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Jul 6Strikes linked to conflict have damaged smelter facilities at Emirates Global Aluminium.Sub-event
Jul 3Emirates Global Aluminium restarts production at Al Taweelah smelter despite Middle East geopolitical risks.1 source
- hellenicshippingnews.com

Keep exploring

Part of

The crisis stemming from the Iran conflict and Strait of Hormuz closure is now causing major logistical problems for the global aluminum market. All 5 developments

Within Government actions regarding the Strait of Hormuz are affecting oil prices while seeking to reopen the vital shipping lane.

The entities involved

Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.04:47
- The Bank of Japan assumes Dubai crude prices will fall from $105 to $70 due to Middle East costs.04:47
Hormuz
city in Hormozgan Province, Iran
- Instructed Houthis to prepare to close Bab el-Mandeb Strait, a blockade threatens export routes through Hormuz, and a naval blockade on Saudi Arabia has been declared.04:27
- Iranian forces downed a US drone over Qeshm Island, near Lavan Island in the Strait of Hormuz.04:02
Emirates Global Aluminium
Aluminium conglomerate of the UAE

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Coverage

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Jul 3hellenicshippingnews.com