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June aluminum prices decline over 15%
Aluminum prices dropped by more than 15% in June, marking the largest monthly decline since 2008, following negotiations between the United States and Iran and a decrease in tensions in the Gulf. The decline was accompanied by increased shipments through the Strait of Hormuz and rising Chinese exports, which helped ease concerns about supply shortages. This contributed to reducing the previous war-related impacts on the market and avoiding a global aluminum supply crisis.
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