Rising Geopolitical Risks in the Middle East, ADC12 to Hold Up Well in the Short Term [SMM Cast Aluminum Alloy Morning Comment]
[SMM Cast Aluminum Alloy Morning Comment: Escalating Geopolitical Risks in the Middle East, ADC12 Expected to Hold Up Well in the Short Term] On the macro front, the Taweelah complex of Emirates Global Aluminium (EGA) in the UAE suffered severe damage in Iranian missile and drone attacks. Amid macro disruptions, ADC12 prices were expected to continue holding up well in the short term. Going forward, close attention should be paid to the impact of developments in the Middle East on aluminum prices and the pace of downstream consumption recovery.