Severe disruption in the Strait of Hormuz is rippling far beyond oil markets. Around 10% of global aluminum supply is tied to the Middle East, and with exports constrained, prices are surging and supply chains are tightening. The impact will extend across the global economy as aluminum is used from cars and electronics to construction, meaning higher prices can quickly feed through to everyday goods. While the shock may not change long-term supply outlooks, it is creating near-term shortages, and exposing vulnerabilities across multiple stages of the supply chain. So how does a regional conflict translate into a global materials crunch, and what does it mean for the energy transition? On today’s show, Kamala Schelling is joined by BloombergNEF’s head of metals and mining, Kwasi Ampofo, to discuss notes including “Industrial Metals Monthly: Supply Risks Rise on Iran War.”

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Industrial Metals Monthly: Supply Risks Rise on Iran War - https://www.bnef.com/insights/39205/view

Transition Metals Outlook 2025 - https://www.bnef.com/flagships/transition-metals-outlook

Severe disruption in the Strait of Hormuz is rippling far beyond oil markets. Around 10% of global aluminum supply is tied to the Middle East, and with exports constrained, prices are surging and supply chains are tightening. The impact will extend across the global economy as aluminum is used from cars and electronics to construction, meaning higher prices can quickly feed through to everyday goods. While the shock may not change long-term supply outlooks, it is creating near-term shortages, and exposing vulnerabilities across multiple stages of the supply chain. So how does a regional conflict translate into a global materials crunch, and what does it mean for the energy transition? On today&rsquo;s show, Kamala Schelling is joined by BloombergNEF&rsquo;s head of metals and mining, Kwasi Ampofo, to discuss notes including &ldquo;Industrial Metals Monthly: Supply Risks Rise on Iran War.&rdquo;
Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF&lt;GO&gt; on the Bloomberg Terminal or on <a href="https://www.bnef.com/">bnef.com</a>
Links to research notes from this episode:
Industrial Metals Monthly: Supply Risks Rise on Iran War - <a href="https://www.bnef.com/insights/39205/view">https://www.bnef.com/insights/39205/view</a>
Transition Metals Outlook 2025 -&nbsp;<a href="https://www.bnef.com/flagships/transition-metals-outlook">https://www.bnef.com/flagships/transition-metals-outlook</a>

The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins and Tom Rowlands-Rees sit down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins and Tom Rowlands-Rees sit down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research.

The future of energy, transport, sustainability and more from Bloomberg analysts

Switched On

Hormuz Delivers an Aluminum Shock: Analyst Reaction

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a1f9928c-1c74-43ab-8998-b439009674e0/transcript