Iceland is reducing power to aluminum smelters, potentially slowing production. |
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Effective Tuesday, December 7, Iceland’s main utility has lowered power to aluminum smelters. Low hydroelectric reservoir levels and other bottlenecks are to blame for the setback. According to the US Geological Survey, Iceland was the 10th-largest aluminum producer in the world in 2020. The country produced 860,000 mt that year. (12/8/2021) |
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Price Indications |
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Today's Charts |
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AEGIS Insights |
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11/30/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? 11/24/2021: AEGIS Factor Matrices: Most important variables affecting metals prices |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/7/2021: Aluminium prices may gain next year on demand, supply concerns 12/6/2021: China Evergrande shares plunge as it teeters on brink of default 12/6/2021: China frees up $188 billion for banks in second reserve ratio cut this year |
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