Aluminum reaches 4-month low

The price of aluminum dropped to its lowest level in four months, reaching $3,119 per ton, after fears of supply disruptions due to tensions between the United States and Iran subsided following a limited escalation over the weekend. This comes at a time when Washington and Tehran are resuming talks about the Strait of Hormuz, one of the most important global shipping corridors, which helped ease the prices of the metal used in transportation and construction sectors. Additionally, the ongoing strength of the US dollar continues to impact the metals market despite the reduced supply concerns.

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