[Stock in Focus] Nam Sung Aluminum Soars 16% on Aluminum Supply Chain Concerns
Due to concerns over the aluminum supply chain stemming from the blockade of the Strait of Hormuz, Nam Sung Aluminum is showing strong performance.
![[Stock in Focus] Nam Sung Aluminum Soars 16% on Aluminum Supply Chain Concerns](http://www.asiae.co.kr/news/img_view.htm?img=2026041409211624720_1776126075.jpg)
As of 9:28 a.m. on the 13th, Nam Sung Aluminum was trading at 3,340 won, up 16.58% (475 won) from the previous session.
Middle Eastern countries produce 9% of the world's aluminum supply. According to Samsung Futures, Emirates Global Aluminium, the largest aluminum producer in the Middle East, suspended some deliveries earlier this month following the Iranian attack. In addition, the Al Taweelah smelter, a major facility that produces 1.6 million tons annually, also halted operations as metal solidified inside the smelting furnace due to a power outage.
Hot Picks Today
"Should Get at Least 45 Million Won Salary" "Can't Give Up on Large Companies"... Young People Say There Are No Places to Apply
- Unemployment Benefits to Drop from 1.98 Million to 1.76 Million Won per Month...Employment Insurance Premium Rate to Rise from 1.8% to 2%
- iPhone 18 Production Cost Jumps by 410,000 Won... "Even Xiaomi Prices Soar by 200,000 Won" as Phone Costs Surge in China
- BJ Gwajupseyeon and Kay Booked for 'Taking Psychotropic Sleeping Pills'
- Chinese Lecturer Who Murdered Female International Student Identified as Jung Changseong, 31
The U.S. military has moved to blockade the Strait of Hormuz in order to cut off Iran's energy funding sources. The main objectives of this operation are to block Iran's crude oil exports and to prevent the collection of transit fees through the Strait of Hormuz, thereby maximizing financial pressure on Iran.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
