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Stock impact report

EVs Were Built To Escape Middle East Oil — But 70% Of Their Aluminum Comes From the Same Risky Region, Toyota CEO Warns [Yahoo! Finance]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Yahoo! Finance
The aluminum that helps electric vehicles travel farther is caught behind the Strait of Hormuz, the same narrow waterway long tied to global oil flows. As the U.S.-Israeli war with Iran disrupts shipping through the corridor, automakers are facing a new kind of bottleneck, one that hits directly at production. A Lightweight Metal Becomes a Heavy Dependency EVs rely heavily on aluminum to reduce weight and improve range. On average, EVs use about 40% more aluminum than traditional gasoline cars, with the metal built into battery enclosures, frames, and structural components. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Experts say these common ETF pitfalls can catch new investors off guard That demand runs straight into geography. The Gulf region produces roughly 9% of the world's primary aluminum, much of it high-quality material preferred by automakers. But the same region depends on the Strait Show less Read more
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