Norsk Hydro's Alunorte plant in Brazil, one of the largest alumina refineries, has reduced its output by 50% due to disruptions in natural gas availability. This situation led to a price increase in aluminum, which reached a seven-week high of $3,373 per metric ton in London. The plant requires natural gas for essential processes like maintaining heat and generating steam during alumina refining. With current production halved, Hydro indicated that operations would normalize once gas supply issues are resolved. There are concerns about a potential global aluminum deficit exceeding 900,000 tons if disruptions continue. Additionally, copper prices are rising in response to supply constraints and expected tariffs. Both copper and aluminum are essential for the electrification and decarbonization efforts, making their rising prices a significant factor affecting the economy.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
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