Century Aluminum's stock surged 7.17% during intraday trading on Wednesday, as aluminum companies rallied following news of significant supply disruptions in the Middle East.

The price movement comes after consultancy Wood Mackenzie reported that Emirates Global Aluminium's Al Taweelah facility in the United Arab Emirates halted operations following damage from an Iranian missile and drone attack. The Aluminium Bahrain (Alba) smelter also sustained significant damage and is expected to operate at only 30% utilization.

Wood Mackenzie warned that the ongoing Middle East conflict is triggering a critical supply crisis in the global aluminum market, with disruptions potentially removing 3-3.5 million tons of output in 2026. This represents a substantial portion of global production, which totaled just under 74 million tons last year.