Aluminum prices slump to 4-month low

Aluminum  |  2026-07-03 00:16:10   |   By

Benchmark three-month aluminum on the London Metal Exchange (LME) fell 0.8% to $3,053 per metric ton, marking its fourth consecutive session of losses.

SEATTLE (Scrap Monster): Aluminum prices extended their decline on Thursday to hit their lowest level in more than four months, weighed down by fading investor risk appetite and signs of a faster-than-expected recovery in supplies following the end of the war between the United States and Iran.

Benchmark three-month aluminum on the London Metal Exchange (LME) fell 0.8% to $3,053 per metric ton, marking its fourth consecutive session of losses. Prices had earlier touched $3,040 per ton, the
lowest level since Feb. 19.

LME aluminum has shed approximately 20% of its value over the past month as the United States and Iran moved toward ending the conflict.

Similarly, the most-traded aluminum contract on the Shanghai Futures Exchange dropped 0.4% to 22,400 yuan per ton.

Courtesy: www.fananews.com