Bauxite export cap threatens supply – Commerzbank

Bauxite export cap threatens supply – Commerzbank

Commerzbank’s Thu Lan Nguyen argues that any relief from a potential reopening of the Strait of Hormuz for Aluminium will likely be short‑lived. Guinea, which supplies 40% of global bauxite, plans to cap exports at 150 million tons, nearly 20% below last year, a move expected to support bauxite prices and, over time, Aluminium prices. […]

WTI declines as US-Iran deal hopes and Hormuz outlook weigh on Oil

WTI declines as US-Iran deal hopes and Hormuz outlook weigh on Oil

West Texas Intermediate (WTI), the US crude Oil benchmark, falls some 2.49% on Friday, poised to end the week with losses of over 7.39%, amid growing speculation that the US and Iran will reach an agreement to end the conflict. Oil heads for weekly loss as Hormuz reopening hopes grow Market mood remains positive, even […]