Stock Track | South32 Soars 8.19% Intraday as Aluminium Prices Spike After Iran Attacks Gulf Smelters

Stock Track
03/30

South32 Ltd's stock soared 8.19% during intraday trading on Monday, as aluminium prices surged following supply disruptions in the Middle East.

The rally comes after aluminium prices on the London Metal Exchange jumped 6% to approach four-year highs. This price spike was triggered by Iranian attacks over the weekend that damaged facilities at two of the Middle East's largest aluminium producers - Emirates Global Aluminium and Aluminium Bahrain.

These Gulf producers account for approximately 9% of global aluminium supply. The attacks have raised concerns about potential supply constraints, benefiting other aluminium producers like South32, which saw its shares rally alongside other Australian-listed alumina companies.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10