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Aluminium prices slide as Middle East supply fears ease
Aluminium prices slipped on Monday as fears eased that weekend tit-for-tat strikes between the U.S. and Iran would escalate into a wider conflict and disrupt Middle East shipments, traders said. Benchmark aluminium on the London Metal Exchange was down 0.5% at $3,163 a metric ton at 0954 GMT. Talks regarding Washington and Tehran's dispute over the Strait of Hormuz, a key shipping channel, will resume on Tuesday in Qatar. "The situation is still fluid and any renewed disruption could quickly tighten availability for ... aluminium," Britannia Global Markets said in a note. "The aluminium market suffered ... (full story)
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