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Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaG7 to discuss joint release of emergency oil reservesKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsIran’s choice of Khamenei’s son as supreme leader signals continuity of hardline policiesUSUS HomeUS EconomyUS CompaniesUS Politics & PolicyKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsTrump raises stakes in Iran by weighing deployment of US ground forcesAmerica chose this war — and must now choose how to end itCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportG7 to discuss joint release of emergency oil reservesKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?Muscat airport limits private jet flights as wealthy leave GulfEx-EY executive launches private equity-backed tax firm to challenge Big FourTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaKKR eyes multibillion-dollar sale of data centre cooling companyPalmer Luckey’s $1bn pitch to reboot 1990s video game consolesSamsung seeks AI deals to challenge Apple’s smartphone leadIs South Korea’s dominant online retailer an American company?Nscale raises $2bn as investor fervour for AI defies pressures facing sectorMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingG7 to discuss joint release of emergency oil reservesKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?Iran war will leave a complex geoeconomic legacyOil surges past $100 a barrel for first time in four yearsClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersAmerica chose this war — and must now choose how to end itIran war will leave a complex geoeconomic legacyWhy it’s time to end the grim march of the touchscreenLiberals should be less shy about saying what they stand forEurope’s impotence extends to energyLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItWhy it’s time to end the grim march of the touchscreenYou can turn this to your advantage if every news story has ‘tax exile’ in itGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnPapier founder: ‘I don’t own stocks or shares — it’s too much risk’Business school professors’ picksLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterWe’ll always have DubaiHow to wear a tie: HTSI’s definitive guidePalmer Luckey’s $1bn pitch to reboot 1990s video game consolesThe curse of the ancient lead tabletsTrump’s war on Iran is spreading. Where does it stop?How To Spend ItCompaniesIndustrialsBasic ResourcesHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InIndustrial metalsIran war triggers aluminium supply crunch and shutdowns across Middle EastRegion produces 10% of global output, enough to threaten ‘repricing across base metals’ if outages continueAluminium Bahrain BSCBahrain’s Alba to buy Europe’s biggest aluminium smelterGulf company signals French state-backed lender may also take stake in facility once owned by tycoon Sanjeev GuptaLithiumUK’s first commercial lithium plant opens in boost to domestic metals miningGEL among British groups racing to realise projects as west looks to secure local supplies of critical mineralsUraniumFuel shortage threatens US nuclear resurgence, warns top supplierCentrus Energy says rising demand and ban on Russian imports risks uranium enrichment ‘supply gap’NigerThe 1,000 tonnes of uranium in the crosshairs of IsisNiger wants to sell yellowcake stash seized from France but is struggling to find buyersIndustrial metalsNickel price jumps as Indonesia slashes quota at world’s biggest mineSouth-east Asian country cuts quotas in bid to drive up pricesBritish Steel LtdTurnaround investor Flacks targets British Steel takeover‘Bullish believer’ proposes acquisition as part of plan to create European metals groupUraniumEurope struggles to end reliance on Russian uraniumWestern fuel companies say cheap supplies and lack of political will risk locking the continent into strategic dependencyEuropean companiesFrench government seeks €95mn in damages from Greybull over steel plant collapseIndustry minister says UK private equity firm made ‘serious failings’ in its management of NovascoIndustrial metalsChina’s state iron ore buyer flexes muscles in talks with global minersAustralian producer Fortescue says China Mineral Resources Group is ‘key risk’ for market as Beijing seeks more leverageIndustrial metalsItalian steel plant demands €7bn in damages from ArcelorMittalState-appointed administrators file complaint to Milan court about ‘mismanagement’ of the Taranto site by former ownerCopperIn charts: why Rio Tinto and Glencore are in talks about a megamergerThe proposed $260bn tie-up would create the world’s biggest copper producer at a time of soaring demand for the metalIndustrial metalsEU recycling backfires as Chinese buyers snap up aluminium scrapNovelis executive says European metal sector in terminal decline despite consumers willing to pay more for recycled productsCanadian economyInterview. Canada’s ‘man of steel’ calls for US-style protectionismMetals magnate Barry Zekelman says Ottawa must join Trump in protecting industry from other exportersMiningBauxite miner Axis launches $29bn claim against GuineaMining groups lose licences as resource-rich African states seek bigger share of profitsNuclear energyLex. Nuclear fusion is a brainteaser for investors as well as scientistsValuing Trump Media & Technology Group after the merger with TAE will be a double step into the unknownUS companiesItalian government receives two bids for ailing steelworksUS investment funds Flacks Group and Bedrock Industries submit binding offers for plant seized by Rome two years agoThyssenkrupp AGRestructuring pushes Thyssenkrupp towards steep annual lossDeep cuts at its steel division and weak demand weigh on German industrial heavyweightCommoditiesThyssenkrupp agrees steel restructuring with union, paving way for potential saleIndian magnate Naveen Jindal is conducting due diligence on steel businessArcelorMittal SAFrench lawmakers vote to nationalise ArcelorMittal plantsMotion unlikely to take effect but highlights deep concerns about Europe’s struggling steelmakersIndian business & financeThe Big Read. The costs of India’s hunger for cheap steelBooming production may buoy the domestic economy, but is causing environmental damage and trade tensionsEU tech regulationLutnick warns EU to relax tech rules if it wants lower steel tariffsUS commerce secretary calls for ‘balanced approach’ during visit to Brussels for meeting with bloc’s trade ministersTrump tariffsWestern allies seek to forge joint defence against cheap Chinese steel‘Heightened sense of urgency’ as global steel production capacity to exceed demand by 38% by 2027British Steel LtdUK government to line up bankers for British Steel salePlan comes seven months after emergency legislation allowed for taxpayer-backed takeoverIndustrial metalsEU plans to restrict aluminium scrap exportsShortages have left bloc’s recycling industry fighting for survivalJoin us at an FT Live eventFT LiveMetals & Mining SummitExplore all eventsHelp CentreContact UsAbout UsAccessibilityCareersSuppliersTerms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & PoliciesShare News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT SchoolsPortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency ConverterFT Live EventsFT ForumsFT Leaders AcademyMore from the FT GroupFT Editorial Code of PracticeUKSubscribe for full accessHomeWorldMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaUSUS EconomyUS CompaniesUS Politics & PolicyCompaniesEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportTechArtificial intelligenceSemiconductorsCyber SecuritySocial MediaMarketsAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingClimateOpinionColumnistsThe FT ViewThe Big ReadLexObituariesLettersLexWork & CareersBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItLife & ArtsArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterPersonal FinanceProperty & MortgagesInvestmentsPensionsTaxBanking & SavingsAdvice & CommentHow To Spend ItSpecial ReportsAlphavilleFT EditLunch with the FTFT Globetrotter#techAsiaMoral MoneyVisual and data journalismNewslettersVideoPodcastsNews feedFT SchoolsFT Live EventsFT ForumsFT Leaders AcademymyFTPortfolioFT Digital EditionCrosswordOur AppsHelp CentreSubscribeSign In

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