Palestinian death toll in Gaza rises to 64,300

The Palestinian death toll in the Gaza Strip had risen to 64,300, with 162,005 others injured since the latest round of the conflict between Hamas and Israel erupted on Oct 7, 2023, Gaza's health authorities said in a statement on Friday.

Over the past 24 hours, Israeli attacks killed 69 people in Gaza and injured 422 others, the statement said.

Since Israel ended a two-month ceasefire with Hamas and resumed attacks on Gaza on March 18 of this year, 11,768 Palestinians have been killed and 49,964 others wounded, the statement said.

Local hospitals registered three more deaths from starvation and malnutrition in the past 24 hours, bringing the death toll from famine and malnutrition to 376, including 134 children, the health authorities said.

Palestinian death toll in Gaza rises to 64,300

Palestinian death toll in Gaza rises to 64,300

Palestinian death toll in Gaza rises to 64,300

Palestinian death toll in Gaza rises to 64,300

The price of aluminum, a key industrial metal used in automotive manufacturing, construction and packaging, has been climbing as production cuts in the Gulf region, logistical constraints and Iranian attacks on two regional producers over the weekend tightened supply.

On March 31, the benchmark London Metal Exchange (LME) three-month price for aluminum rose to 3,535 U.S. dollars per metric ton, a year-on-year increase of around 40 percent.

Iran's Islamic Revolutionary Guard Corps (IRGC) said on Sunday that they launched missile and drone strikes on aluminum plants in Bahrain and the UAE that are linked to the U.S. military and aerospace industries, in retaliation for U.S.-Israeli attacks on Iranian steel factories.

Emirates Global Aluminium issued a statement saying that its Al Taweela site in the Khalifa Economic Zone in Abu Dhabi was severely damaged after Iranian strikes, with some employees injured.

Aluminum Bahrain confirmed in a statement on Sunday that some of its facilities were struck by Iranian attacks, resulting in injuries to two employees.

The two aluminum plants have a combined annual output of 3.2 million tons, more than half of the approximately 6 million tons of aluminum produced every year by Gulf Cooperation Council (GCC) member states.

The region is a key source of aluminum supply, accounting for about 9 percent of global production.

Goldman Sachs on Tuesday raised its LME aluminum price forecast from 3,200 U.S. dollars to 3,450 U.S. dollars per ton for the second quarter of 2026 after the attacks on the facilities.

Goldman Sachs also predicted a global primary aluminum market supply deficit of 570,000 tons in 2026, a sharp turnaround from its previous forecast of a 550,000-ton surplus.

Analysts point out that the aluminum market is currently facing multiple shocks, with shipping in the Strait of Hormuz disrupted, aluminum production facilities in the Gulf damaged or even shut down, and production in other parts of the world currently limited.

The impact will also spread to downstream enterprises in the coming months, with higher-cost aluminum alloys, primarily used in the aerospace, automotive, and construction industries, facing the most constrained supply, analysts said.

The Gulf region has long been a significant source of these high-end products, particularly for the European market, and also supplies manufacturers in the United States.

Aluminum prices climb as effects of Middle East tensions spread through global economy