Shortfalls could persist longer than current expectations and drive up the price of aluminum as an impact of war with Iran says Timna Tanners, managing director of equity research for Wells Fargo. Tanners talked about the different impacts of the war on commodity prices, including copper which neared record highs on Tuesday due to a rise in demand from China and fears about supplies of sulfur in the Mideast. (Source: Bloomberg)

Alcoa Corp. is in advanced talks to sell a former smelter site in upstate New York to Bitcoin mining firm NYDIG as part of its plans to dispose of its dormant assets.

S&P 500 Index futures rise 0.3% as of 7:45 a.m. in New York as traders add more risk after the market’s rally.

S&P 500 Index futures rise 0.6% as of 7:50 a.m. in New York. US and Israeli forces pressed ahead with attacks on Iran while the Islamic Republic launched missiles across the Persian Gulf, sending oil prices higher once again.

Alcoa Corp., the largest US aluminum producer, says it’s fielding interest from buyers seeking alternative supply following the curtailment of production in the Middle East.