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Aluminium slides as Trump vows quick Mideast war resolution
Aluminium prices retreated on Tuesday, dragged down by a flurry of selling among some investors to cash in profits after US President Donald Trump pledged a quick end to the Middle East war, easing concerns over the metal’s supply. The most-traded aluminium contract on the Shanghai Futures Exchange slipped 2.88% to 24,465 yuan ($3,550.95) per metric ton, as of 0153 GMT after hitting the highest since January 30 at 25,860 yuan a day before. Benchmark three-month aluminium on the London Metal Exchange fell 2.11% to $3,314 per ton. The contract touched its highest since March 2022 at $3,544 a ton on Monday. Trump ... (full story)