Katya Bouckley

Global aluminum prices fell 11% from their 2026 peak in response to the tentative US-Iran peace deal, but analysts expect supply restoration to take significant time. The London Metal Exchange spot aluminum price fell to $3,418/mt June 15, the lowest since mid-March, and down from the year-to-date peak of $3,854/mt reached June 2.

Greta Group will continue developing its UK-based steel recycling business, seeing scrap, along with direct-reduced iron, behind the biggest steel production routes of the future, while in India, it is setting up an iron ore-based steelworks that will have low-carbon emissions despite using thermal coal for power generation. Greta's Global Recycling is among the top three steel scrap recyclers in the UK.

Primary aluminum production by the Gulf countries in April fell to 62% of its prewar daily rate, the International Aluminium Institute, which represents the global aluminum industry, said in a May 20 statement. Preliminary production data from the Gulf region shows its daily aluminum output fell to 10,989 metric tons in April, a 26.7% decline from 15,000 mt/day in March, and down 38% from the pre-conflict baseline of 17,800 mt/day, the IAI said.