Morning Bites (part 2)

🇶🇦 Qatalum expects to halt aluminium production by end-March 2026, per a company press-release. The controlled shutdown of the 0.65mnt smelter (~1% of global primary Al supply) started on March 3 amid the forthcoming suspension of gas supply. Management expects full restart to take 6-12 months, but the exact timing is unknown yet

On our numbers, the Gulf countries jointly accounted for ~9% of global Al supply in 2024, so continuous production disruptions, if materialise, might add further support to aluminium market fundamentals, along with strong consumption dynamics globally

#aluminium