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CHINAHONGQIAO/ CHALCO Elevate 3%/ 7% After Iran Attacks Mideast Aluminum Production Bases
Recommend 11 Positive 14 Negative 11 |
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Following Iran's attack on two aluminum production bases in the Middle East, there is a potential for intensified supply disruptions in the region. This morning (30th), the aluminum price on the London Metal Exchange (LME) once swelled by 6% to US$3,492 per ton. Emirates Global Aluminium, the largest aluminum producer in the Middle East, reported significant losses at its Abu Dhabi plant, while Aluminium Bahrain, a SOE in Bahrain, also stated that it is assessing the damage to its facilities. CHINAHONGQIAO (01378.HK) peaked at $36.78, and last printed at $35.78, mounting 3.71%, with a trading volume of 14.695 million shares, involving $529 million. CHALCO (02600.HK) peaked at $11.64, and shot up 7.03% to last at $11.57, with 36.631 million shares traded, involving $419 million. RUSAL (00486.HK) last printed at $4.26, leaping 3.9%, with a trading volume of 863,000 shares, involving $3.6845 million. AASTOCKS Financial News Website: www.aastocks.com |
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