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Danube Nuclear Shutdown, 36-Yr Aluminum Lows, Grains & US Blockade
Description
London aluminium inventories drop to a 36-year low following two million tons of offline Gulf smelting capacity, while Ukrainian grain exports plunge 76 percent amid complete deep-water terminal halts at Novorossiysk. Concurrently, the United States has confirmed an indefinite naval blockade on Iranian crude, prompting ADNOC to aggressively expand spot market tenders following its OPEC exit, while record-low Danube river levels trigger nuclear power shutdowns across Eastern Europe against the backdrop of an intensifying Latin American super El Niño.
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