Aluminum prices fell in the early trading session in the Asian market.
The price of aluminum fell in early Asian trading, with the three-month period aluminum contract on the London Metal Exchange dropping by 1.3% to $3,395.50 per ton. Trading on the LME was temporarily suspended, causing traders to face more uncertainty in the already fluctuating prices after they were unable to place orders for aluminum earlier. However, supply risks arising from conflicts in the Middle East continue to put pressure on the market. The ANZ Bank said that Aluminium Bahrain BSC has started to gradually shut down three production lines, accounting for 19% of its total capacity, while Qatar has been forced to cut some production due to a shortage of natural gas.
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