Market 'Yet to Fully Experience' Aluminum Shortfall from Iran, Says Timna Tanners The ongoing conflict in Iran has sent shockwaves through global markets, but its impact on the aluminum market has been less widely noticed.
The country's bauxite mines and smelters, which supplied major manufacturers like Alcoa Inc. , have been severely curtailed or shut down due to US sanctions.
As a result, an estimated 1 2 million tons of aluminum production capacity has been lost, leading to concerns about supply chain disruptions and price volatility.