Aluminum prices decline amid Hormuz and China data
Aluminum prices have fallen to their lowest level since March, dropping more than 4% to reach $3,345.5 per ton, due to weak Chinese economic data indicating a decline in consumer spending and investment. Additionally, uncertainty remains regarding the potential implementation of a peace agreement between Iran and the United States and its impact on metal supplies from the Middle East. The market remains tense, with ongoing risks of closing the Strait of Hormuz and its repercussions on metal exports and raw material flows.
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