The war in the Middle East has triggered “panic buying” of aluminium by some of the world’s biggest carmakers amid fears that supplies could run out within months if the conflict persists.
Gulf producers, including Aluminium Bahrain and Qatalum, have cut production, with disruption to power supplies and shipping bottlenecks hitting both raw material imports and exports. Aluminium is widely used in industries from carmaking to aerospace and construction.
Executives at car parts companies and aluminium producers said carmakers were trying to build up contingency stocks as the war enters its fourth week.
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