Aluminum prices decline amid Hormuz opening and Chinese data

Aluminum prices have fallen to their lowest level since March, influenced by weak economic data from China and rising tensions over a potential agreement between Iran and the United States, which is causing uncertainty in the metals markets. The price of aluminum dropped by more than 4% to around $3,345 per ton, amid anticipation of the details of the agreement and what it might mean for a possible resumption of metal supplies from the Middle East.

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