The conflict with Iran and the closure of the Strait of Hormuz are impacting not only the energy market but also the construction sector, particularly aluminum. A study by the Israeli company Profil indicates that global production disruptions and increasing reliance on limited sources are leading to a structural shortage. By 2026, the global aluminum market, producing about 90 million tons annually, could face significant challenges. Western countries, reliant on imports, may suffer, while China reaches its production ceiling. Disruptions in countries like Iceland and Mozambique worsen the situation. Aluminum prices have already exceeded $3,400 per ton on the LME market, reaching historic highs. In Israel, local production accounts for 20% of needs, mainly through recycling. This situation could provide an advantage to local producers with direct access to raw materials and stable energy contracts.
