EU suggests quotas to persuade US to exempt European steel, aluminium from Section 232 tariffs

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Guinea, the world's biggest bauxite producer, is considering plans to compel miners to curb exports of bauxite in a bid to halt the slump in the price of the key raw material for aluminium production, sources told Fastmarkets on Monday March 9.
QatarEnergy, the state-owned shareholder of Qatar aluminium producer Qatalum, has suspended the production of aluminium as the conflict between Iran, Israel and the US intensified, it said on Tuesday March 3.
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European and US primary aluminium premiums could see further upside pressure on supply concerns following the closure of the Strait of Hormuz, a key transit corridor for Middle Eastern aluminium exports and alumina imports.
The escalating tensions between Iran and Israel since Saturday February 28 have heightened market concerns over potential disruptions to maritime trade routes, particularly the Strait of Hormuz – a key transit corridor for Iranian material shipments bound for China.
Senior analyst Andy Farida offers reactive analysis on the impact the Middle East conflict could have on the aluminium market