Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The Middle East’s largest aluminum producer, Emirates Global Aluminium, has suspended operations at its smelting plant. Iran’s attack has severely disrupted operations.
According to an insider, the Middle East’s largest aluminum producer, Emirates Global Aluminium, has halted operations at its Al Taweelah smelter after it was hit by Iranian missiles and drones over the weekend.
The anonymous source, who asked not to be named because the information is not public, said the smelter located outside Abu Dhabi lost power due to the attack, forcing its electrolysis production lines into an uncontrolled shutdown. The insider said that metal solidified within the smelting circuit, causing severe damage to operations.
London Metal Exchange aluminum futures have risen sharply since the attack. Another major producer in the Gulf region, Bahrain Aluminium, has also confirmed that its operating facilities were hit by an Iranian attack over the weekend. These two plants rank among the largest in the world; their 2025 aluminum output is expected to reach 1.6 million metric tons each.
The entire Middle East accounts for about 9% of global aluminum supply, and companies such as Emirates Global Aluminium play a key role in supplying manufacturers in Europe, Asia, and the United States. Even before the industry itself became a direct target of the attacks, the de facto blockade of the Strait of Hormuz had already left major producers in the region short of critical inputs. Industry insiders expect that if the strait is not reopened soon, a chain reaction of production cuts will follow.
Vast amounts of information and precise analysis—only on the Sina Finance App
责任编辑:丁文武