S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketAluminum futures in the UK rose to $3,890 per tonne in March, the highest in nearly four years, as a halt in supply from the Persian Gulf magnified an already tight backdrop. Iran struck targets in all GCC countries, driving major producers to stop aluminum refining activity and risking the suspension of operations in the region that produces 10% of global supply. Qatar halted its aluminum operation with Norsk Hydro in the country and Bahrain’s Alba declared force majeure and halted all deliveries for the time being. Higher output from top producer China is not expected to make up for the developments as its supply is capped by 45 million tons this year, in line with the government’s aim to limit overcapacity in key good producing sectors, while smelters struggle to build new plants in Indonesia amid higher energy costs and local regulations risks. The developments come as stocks at the LME and COMEX ae already near record lows.
