Rio Tinto Group and South32 Ltd. have offered Japanese clients third-quarter aluminum supply at record premiums, said traders familiar with the matter, after conflict in the Middle East tightened the global market.
Rio Tinto Group and South32 Ltd. have offered Japanese clients third-quarter aluminum supply at record premiums, said traders familiar with the matter, after conflict in the Middle East tightened the global market.
A worker handles aluminum extrusions at the Kato Light Metal Industry Co. factory in Kanie, Aichi prefecture, Japan, on Friday, March 27, 2026. Japan’s reliance on the Middle East for aluminum is forcing companies to cut back on production and scramble for alternative supply sources after key shipping routes were severed due to the Iran conflict. Photographer: Louise Delmotte/Bloomberg
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