Emirati company Emirates Global Aluminum plans to resume production early next year after Iran's March attacks shut down its main smelter, which may help ease the pressure on the aluminum market where prices have soared due to supply shortages. EGA said that the company is investing 400 million US dollars in maintenance to restore production to pre-war levels in the first quarter of next year, while efforts are being made to speed up this progress. This will boost the region's aluminum supply prospects — the region accounted for about 10% of global production before the conflict. The Middle East's largest aluminum producer said in a statement on Wednesday that even if production resumes, subsequent shipments will still depend on the reopening of the Strait of Hormuz. Since the US and Israel attacked Iran at the end of February, this key gateway at the entrance to the Persian Gulf has remained largely closed.

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