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-0.00185988840669545 -0.0032548047117172 0.00232486050836959 -0.00123992560446371 0.0196853688778675 0.0119342839429636 0.00371977681339134 -0.000697458152510656
Stock impact report

Alcoa leads aluminium rally after Iranian strikes hit gulf smelters [Yahoo! Finance]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Yahoo! Finance
Shares of US aluminum producers surged on Monday following missile strikes by Iran on critical aluminum infrastructure in the Middle East, sparking concerns over global supply. Alcoa (NYSE:AA) rose 11.5% in early trading, while Century Aluminium (NASDAQ:CENX) gained around 9%, as investors reacted to reports that Iranian attacks damaged major Gulf smelters, including Emirates Global Aluminium and Aluminium Bahrain. The Middle East accounts for roughly 9% of global aluminum output, meaning even partial shutdowns can quickly tighten supply. The London Metal Exchange aluminum benchmark jumped 5% to around $3,492 per ton, approaching a four-year high, reflecting market fears of a supply shock. Some facilities have already cut production, with Aluminium Bahrain reducing capacity by about 19%. Other US producers also saw gains, with Kaiser Aluminium (NASDAQ:KALU) up 3.4% and Constellium (NYSE:CSTM) rising nearly 4%. Show less Read more
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