Aluminum Prices Drop Significantly In July

TASS · world

Aluminum prices saw a substantial decline in July, plummeting by 8.7% compared to June. The average price reached $3,150 per tonne on the London Metal Exchange. This significant drop is attributed to volatility in the Middle East, impacting global commodity markets. The decrease in aluminum prices reflects broader economic uncertainties and shifts in supply and demand dynamics influenced by geopolitical events.