Metal Markets Punished by Hormuz Chaos | Presented by CME Group

When analysts discuss the straight of Hormuz, oil typically dominates the conversation. But this critical waterway also handles massive flows of aluminum, copper, and other industrial metals. Base metals, with the exception of aluminum, have faced heavy downward pressure over the last month as hostilities in the Middle East disrupted commodity supplies and threatened an inflationary shock for the world economy.Metals markets also have been shaken, but a growing prospect of an oil shock that may batter the g ...