The price of aluminum rose on Monday after Bahrain's aluminum smelter, Alba, announced it was cutting 20% of its production capacity. This decision has raised concerns about global supply. Analysts believe this will lead to an increase in aluminum prices in the near future. Alba is one of the largest aluminum producers in the region. The company statement says the production halt is necessary for planned maintenance. However, many experts see this as a sign of growing problems in the industry.
Aluminum price rises after Bahrain smelter cuts production
The price of aluminum rose on Monday after Bahrain's aluminum smelter, Alba, announced it was cutting 20% of its production capacity, raising global supply concerns.