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Aluminum’s Wild Ride and Gulf Recovery | Durham News
Aluminum prices surged to a four-year high after Gulf smelter disruptions from missile strikes and the Strait of Hormuz closure, but a peace deal and reopened strait triggered a sharp pullback. While initial fears of lasting supply damage faded, Goldman Sachs now expects Middle Eastern smelters to rebound faster than anticipated, lowering price forecasts. Yet prices climbed again as Chinese investors bet on strong earnings and softer U.S. jobs data weakened the dollar, highlighting conflicting market views on short-term gains versus long-term supply outlook. Listen in comfort:Get a discount…
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