Copper and aluminum hit 2023 lows

The aluminum price dropped by more than 4%, reaching $3,345.5, its lowest level since March, while the copper price declined by 0.3%. This decline came after weaker-than-expected Chinese economic data and the markets delaying the assessment of a potential peace agreement between Iran and the United States. Experts predict that metal prices will continue to decline due to the recovery of aluminum supplies in the Middle East and uncertainty surrounding the outcome of the Gulf cooperation agreement.

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