UBS Reports Increased Aluminum and Thermal Coal Prices Due to Mideast Supply Risks; 2026 Projections Upped by 13% and 10%
Market Response to Middle East Tensions: Aluminum and coal stocks surged on the 12th, with notable increases in companies like CHALCO and CHINAHONGQIAO, driven by heightened supply risks due to the ongoing conflict in the Middle East.
Impact on Commodity Prices: UBS reported that the conflict has elevated international prices for aluminum and thermal coal, with significant supply disruptions already affecting aluminum and potential future impacts on smelting capacity.
Forecast Adjustments: UBS raised its aluminum price forecast for 2026 by 13% to $3,250 per ton, while also increasing its thermal coal price forecast for the same year by 10% to $126 per ton, reflecting the ongoing energy price risks.
Natural Gas and Coal Price Dynamics: The rise in natural gas prices, influenced by the Iran conflict, has supported coal prices, with European natural gas prices increasing by about 50% and Brent crude oil prices by about 30%.
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UBS Reports Increased Aluminum and Thermal Coal Prices Due to Mideast Supply Risks; 2026 Projections Upped by 13% and 10%
Market Response to Middle East Tensions: Aluminum and coal stocks surged on the 12th, with notable increases in companies like CHALCO and CHINAHONGQIAO, driven by heightened supply risks due to the ongoing conflict in the Middle East.
Impact on Commodity Prices: UBS reported that the conflict has elevated international prices for aluminum and thermal coal, with significant supply disruptions already affecting aluminum and potential future impacts on smelting capacity.
Forecast Adjustments: UBS raised its aluminum price forecast for 2026 by 13% to $3,250 per ton, while also increasing its thermal coal price forecast for the same year by 10% to $126 per ton, reflecting the ongoing energy price risks.
Natural Gas and Coal Price Dynamics: The rise in natural gas prices, influenced by the Iran conflict, has supported coal prices, with European natural gas prices increasing by about 50% and Brent crude oil prices by about 30%.
UBS Reports Increased Aluminum and Thermal Coal Prices Due to Mideast Supply Risks; 2026 Projections Upped by 13% and 10%
Market Response to Middle East Tensions: Aluminum and coal stocks surged on the 12th, with notable increases in companies like CHALCO and CHINAHONGQIAO, driven by heightened supply risks due to the ongoing conflict in the Middle East.
Impact on Commodity Prices: UBS reported that the conflict has elevated international prices for aluminum and thermal coal, with significant supply disruptions already affecting aluminum and potential future impacts on smelting capacity.
Forecast Adjustments: UBS raised its aluminum price forecast for 2026 by 13% to $3,250 per ton, while also increasing its thermal coal price forecast for the same year by 10% to $126 per ton, reflecting the ongoing energy price risks.
Natural Gas and Coal Price Dynamics: The rise in natural gas prices, influenced by the Iran conflict, has supported coal prices, with European natural gas prices increasing by about 50% and Brent crude oil prices by about 30%.
