Aluminum prices fall amid peace talks
Aluminum prices have fallen to a three-month low following progress in Middle East peace talks, increasing the likelihood of a return of supply from the region's main aluminum-producing areas. Despite prices rising by 11% since the start of the year due to disruptions in production and exports caused by the war, increased output and stockpiling in the Gulf and China have eased the supply shortage. The company involved expects aluminum smelters in the region to resume operations as geopolitical tensions improve.
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