Aluminum stays low amid rising Chinese output
Aluminum prices settled near their lowest levels since March, due to increased Chinese production and rising exports which offset supply disruptions. The metal's price decreased by up to 1.4%, reaching $3,334 per ton, with expectations that market disruptions may ease following a potential agreement between Washington and Tehran. Data from May showed that China's aluminum production hit a record high, surpassing the permitted government limit, as technological upgrades in Chinese smelters enabled more efficient increased production.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)