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Aluminum price rises as Qatalum initiates production shutdown
Business World Philippines
|March 05, 2026
Aluminum rose on Tuesday after Norsk Hydro’s joint venture in Qatar initiated a shutdown of its aluminum production, as the US and Israeli war with Iran spilled into neighboring countries.
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Benchmark aluminum on the London Metal Exchange (LME) was up 2.1% at $3,259 a metric ton by 1754 GMT after hitting a one-month high of $3,315.
Norsk Hydro said Qatalum’s controlled shutdown was initiated due to the shortage of natural gas in Qatar and would be completed by the end of March. Qatalum has a production capacity of 636,000 tons of primary aluminum. Norsk Hydro issued a force majeure notice to its Qatalum customers.
This story is from the March 05, 2026 edition of Business World Philippines.
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