"The largest aluminum plant in the Middle East" suffered a "major loss" on Saturday, and it is currently unclear whether production has been halted.

The largest aluminum plant in the Middle East was attacked, causing another blow to the global aluminum supply chain. According to Xinhua News Agency, Iran's Islamic Revolutionary Guard Corps issued a statement on the 29th, stating that the Revolutionary Guard used missiles and drones to "effectively" strike aluminum plants in the United Arab Emirates and Bahrain that are related to the United States. The statement said that these two aluminum plants are related to the US military and aerospace industries, namely the factory of Emirates Global Aluminium Company in the UAE and the factory of Aluminium Bahrain Company in Bahrain. Emirates Global Aluminium (EGA) stated on March 28 that its core smelting plant in Abu Dhabi was damaged in an attack due to the conflict in the Middle East, further exacerbating the tense situation in the global aluminum market supply. The UAE is a major supplier in the global market, and EGA operates the country's largest metal processing plant. EGA stated that they are assessing the damage at their Al Taweelah plant and confirmed that several employees were injured in the attack, but did not disclose whether the facility has suspended operations. The Abu Dhabi Media Office previously stated that ballistic missile interception fragments caused three fires near the Kezad industrial area, injuring six people. Aluminum prices were already on the rise before the conflict erupted, and this attack further reinforced market expectations of tightening supply and declining global inventories, which may push aluminum prices higher. Goldman Sachs pointed out that the rising prices of commodities will put pressure on the global economy. Supply chain suffers another heavy blow, Middle East aluminum industry in crisis The attack has caused another heavy blow to the bulk commodity industry in the Middle East. The Strait of Hormuz is essentially blocked, and various producers of commodities such as energy and fertilizers are unable to export normally. The Middle East region accounts for about 9% of the global aluminum supply, most of which are currently blocked on the inner side of the strait. In addition to shipping interruptions, key industrial facilities have been damaged in the attacks. It is expected that even if the conflict ends, the recovery of production operations will take a longer time. The damaged Al Taweelah smelting plant is located in the industrial area of Khalifa Port in Abu Dhabi, close to the coast of the Persian Gulf. The plant's metal production is expected to reach 1.6 million tons by 2025, and is one of the two smelting plants owned by EGA, with the other located in the Jebel Ali Free Trade Zone in Dubai. EGA stated in the declaration that at the beginning of the Middle East conflict, the company had reserved a considerable amount of metal inventory overseas and used this part of the product to maintain supply to customers. As the largest non-energy industrial enterprise in the UAE, EGA is an important participant in the UAE's commitment to invest $1.4 trillion in the United States over the next ten years. The UAE was previously the second largest supplier of aluminum to the United States after Canada, and is currently constructing the first new aluminum smelter in the United States in decades in Oklahoma. This article is from "Wall Street See", GMTEight Editor: Wang Qiujia.