metals News & Analysis
2 articles
Market Mood
45% Portfolio Investment Suggested in Gold, Metals, Bitcoin
Strategists have suggested that 45% of investment portfolios should include gold, metals, and bitcoin. This recommendation is based on positive expectations surrounding the upcoming Trump-Xi summit in Beijing set for mid-May. These developments may influence equity markets positively in the near term. Investors are advised to consider these assets for potential stability amid market fluctuations.
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Aluminum Prices Surge 5.5% Following Iranian Attacks on Producers
Aluminum prices increased 5.5% to $3,492 per tonne on the London Metal Exchange following Iranian drone and missile strikes on two Middle Eastern producers, Emirates Global Aluminium (EGA) and Aluminium Bahrain, over the weekend. By Monday afternoon, prices settled at $3,381 per tonne, marking a 10% rise since February 28. EGA's Al Taweelah smelter sustained 'significant' damage, producing 1.6 million tons of cast metal in 2025. Analysts predict this disruption could lead to a full-year deficit in the global aluminum market due to an expected production loss of about 800 to 900 kilotons in 2026.
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