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<Commodity> Aluminum Prices Rise for Fourth Straight Day, Hit Highest Since 2022
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Aluminum prices rose for a fourth consecutive day, reaching their highest level since 2022. On the London Metal Exchange (LME), aluminum prices at one point climbed 1.6% to USD3,775 per tonne after Iran threatened to suspend negotiations with the United States following Israel's attacks on Lebanon. The Middle East is a major production hub for aluminum, and prices have gained 25% this year. On Mon (1st), the premium of LME spot aluminum contracts over three-month futures widened to USD111.75 per tonne, the highest level since 2007, indicating increased demand for near-term supply in the market. (mn/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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