EGA Declares Force Majeure After Iranian Strikes Damage Al Taweelah Smelter

Emirates Global Aluminum (EGA) has officially declared force majeure on several supply contracts following a total shutdown of its Al Taweelah smelter. The decision comes after significant damage was reported at the facility due to recent Iranian missile and drone strikes, forcing an immediate halt to operations. As EGA accounts for approximately 4% of total global aluminum production, the interruption represents a major supply shock to international markets. This disruption adds further pressure to a sector already grappling with geopolitical tensions and maritime bottlenecks in the Strait of Hormuz. LME Aluminum futures have already surged 50% over the past year, and analysts expect prices to climb further as global supply tightens significantly. The company is currently assessing the extent of the physical damage while industrial players brace for prolonged delivery delays.