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Aluminum Extends Retreat as Middle East Supply Concerns Ease

Commodities & Raw MaterialsGeopolitics & WarTrade Policy & Supply ChainCommodity Futures

Aluminum extended its retreat from a four-year high after U.S. President Donald Trump signaled a possible end to the Iran war, easing risk that had been disrupting Middle East supplies. The development removes a geopolitical premium from aluminum, likely pressuring prices and weighing on producers and related commodity trades.

Analysis

Aluminum extended its retreat from a four-year high after U.S. President Donald Trump signaled a possible end to the Iran war, easing risk that had been disrupting Middle East supplies. The development removes a geopolitical premium from aluminum, likely pressuring prices and weighing on producers and related commodity trades.

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