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Aluminum hits lowest since February amid dollar rise
Aluminum prices dropped to their lowest level since mid-February, amid ongoing strength of the US dollar and a decline in tensions in the Middle East. The prices fell by 16% in June, marking the largest monthly decline since 2008. This has led to a return to pre-war levels in the region, with market decline and expectations of slowed demand negatively impacting price rates, despite earlier developments in the Middle East that had previously driven prices upward.
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