Fitch: Aluminum market supply is tight, and low-cost smelting enterprises in the Asia-Pacific region benefit.
June 22, 2026
The global supply of primary aluminum is tight. The unstable situation in the Middle East has reduced the supply of metals in the maritime market, and alternative supplies are limited. Since the conflict broke out in mid-February, the price of aluminum has risen by approximately 20%. Fitch predicts that the Asia-Pacific smelting enterprises that can maintain production and control costs will achieve considerable profit and cash flow growth.
The producers in the Asia-Pacific region have a greater advantage compared to their global counterparts. Their cost base is less affected by fluctuations in imported natural gas and spot raw materials.
