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Bahrain’s Alba, one of the world’s largest aluminum smelters, has declared force majeure on deliveries and cut output by 19%, citing its inability to ship through the Strait of Hormuz. Qatar’s Qatalum halted production entirely after Iranian strikes on Gulf energy infrastructure forced QatarEnergy to stop gas output on March 2.
Toyota has cut production of vehicles that rely on Gulf aluminum supplies by almost 40,000 units over two months. Nissan has trimmed its schedules.
Gulf…
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Bahrain’s Alba, one of the world’s largest aluminum smelters, has declared force majeure on deliveries and cut output by 19%, citing its inability to ship through the Strait of Hormuz. Qatar’s Qatalum halted production entirely after Iranian strikes on Gulf energy infrastructure forced QatarEnergy to stop gas output on March 2.
Toyota has cut production of vehicles that rely on Gulf aluminum supplies by almost 40,000 units over two months. Nissan has trimmed its schedules.
Gulf…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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