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01.04.26 - 18:57
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Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike (ZeroHedge)
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Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike
Over the weekend, both Emirates Global Aluminum (EGA) - the largest aluminum producers in the Gulf - and Aluminium Bahrain (ALBA) reported drone attacks damaging smelting facilities after hits on Iranian steel infrastructure last week.
Neither company (at the time) confirmed whether supply will be impacted, but this morning the worst case appears to be confirmed with Reuters reporting that according to a Wednesday note by consultancy Wood Mackenzie "EGA's Al Taweelah facility in the United Arab Emirates halted operations after an Iranian missile and drone attack on Saturday damaged a power plant." A subsequent report from Bloomberg confirmed the report, writing that "Emirates Global Aluminium, the Middle East's top producer of the metal, halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend, according to a person familia...
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01.04.26 - 09:06
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Ganfeng Lithium forecasts strong battery demand amid China-US rivalry in renewable energy (SCMP)
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China's Ganfeng Lithium, the world's largest producer of lithium metal, is envisioning an “explosive growth” in the global energy storage system (ESS) market in 2026, spurred by higher prices of the key battery material and buoyant demand for renewable energy infrastructure.
Executives including president Wang Xiaoshen told an investors' conference on Tuesday that the global decarbonisation drive had created a strong and sustainable trajectory for Ganfeng, which swung from loss to profit last......
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01.04.26 - 02:06
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Taiwan scientists rethink lithium-ion batteries, eye high-power EV applications (Digitimes)
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In a breakthrough that could redefine electric vehicle (EV) battery technology, a research team led by Professor Yu-Sheng Su at the International College of Semiconductor Technology, National Yang Ming Chiao Tung University (NYCU), has developed a lithium-titanate (LTO) battery design that increases capacity by 167% while offering greater safety than conventional automotive lithium-ion batteries....
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