Price dropped below $2,100 for the first time since early April Funds to continue deleveraging from aluminium’s NLFP ...
The LME aluminium price on Friday dropped below $2,100 per tonne for the first time since early April, as a trade war between the world’s two largest economies officially began when the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products. Risk-off sentiment has been prevailing in the run-up, as the escalation of trade tensions could hurt companies and consumers in both countries, and also metal demand. The weekly average LME aluminium cash price dropped 2% last week to $2,133 per tonne from the previous week’s $2,177 per tonne.
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