Many countries are preparing to take appropriate measures to ensure navigation safety in the Strait of Hormuz. However, the mutual sabotage of energy facilities has already caused serious medium- to long-term impacts on oil and gas production. The market has little expectation of a short-term decline in oil prices, and concerns about inflation have increased significantly. The resulting fear of an economic recession has become the main anchor for recent industrial commodity futures pricing. The spot market for alumina remains in a phase where supply is controllable by sellers.
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