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Aluminum Hits Four-Year High on Fears of China Output Cuts
Aluminum jumped to the highest in more than four years as fears of output cuts in top producer China compounded continuing disruptions in the Middle East. The industrial metal rose 0.6% to settle at $3,672.50 a metric ton on the London Metal Exchange, the highest since March 7, 2022. Traders are concerned that Chinese smelters will be asked to trim production amid a nationwide inspection of key industries’ energy use and emissions, according to researcher Mysteel Global. The nation’s aluminum smelters have been running beyond capacity to capitalize on a global shortage caused by the conflict in the Middle East. ... (full story)
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From msn.com|May 26, 2026Gold held steady on Wednesday as investors looked for signs of progress in peace negotiations between the U.S. and Iran, and awaited comments from Federal Reserve officials for ...
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From kitco.com|May 27, 2026After India’s recent hike of import duties on precious metals, another large Asian market has followed suit: Malaysia’s customs department has announced that they will now target ...
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From fxstreet.com|May 27, 2026Earlier this month, the Indian government hiked the import duty on precious metals from 6 percent to 15 percent in an attempt to moderate the country's trade deficit and support ...
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- May 26, 2026 11:35pm Posted byFundamental Analysis80
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