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Qatar's Alumium Producer Halts Production, Full Resumption May Take at Least Six Months
Aluminum prices surged on Wednesday after Qatar's alumium producer halted production, citing force majeure on shipments to customers as the escalating conflict in Iran led to a natural gas shortage in the region. Qatalum, jointly owned by Qatar’s state-owned aluminum producer and Norwegian Norsk Hydro ASA, began suspending production on Tuesday. It said a resart could take six to twelve months, according to a statement. Norsk Hydro also has issued a force majeure notice to its Qatalum customers, the statement said.
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