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- LME Aluminum 3M Select trades $-27.25 lower to $3489.50 at 8:18:07 AM
- (Bloomberg) – Aluminum fell from its highest since 2022, and other metals declined, as mounting concerns over the economic consequences of a prolonged Middle East war dominated sentiment across markets. There were few signs of the conflict ending soon, with US President Donald Trump and Iran’s new supreme leader Mojtaba Khamenei both striking defiant tones. While aluminum remains on track for a weekly gain on supply disruptions, investors also have to reckon with a potential impact on metals demand if soaring energy costs hit the global economy. The deepening conflict is fueling fears of a stagflationary shock if rocketing energy prices fuel inflation and undercut growth at the same time. Metals including copper have fallen since the war broke out, but aluminum has gained given the Middle East hosts about a 10th of global production.
- LME Copper 3M Select trades $-163 lower to $12837 at 8:18:07 AM
- CME HRC Steel last traded at $1018 and $1 higher at 5:29:29 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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