Iran war: The aluminium price shock – why Europe is now losing twice
The supply crisis caused by the Iran war has not materialized. However, for various reasons, aluminum has become very expensive in Europe. Germany has a particular problem in this regard.
The aluminium processing industry in Europe is facing significant cost increases, with prices surging since the US and Israeli attacks on Iran. The London Metal Exchange (LME) price for aluminium reached nearly $3500 per tonne in March, its highest in four years. European companies are also hit with a regional availability premium, or "Duty-Paid-Prämie", of around $500 per tonne, which adds to the global market price.
This has resulted in a price jump of almost one million euros for a medium-sized manufacturer with a monthly production of 1000 tonnes. The industry is also concerned about competition from Turkey, which has increased its imports of Russian aluminium.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
