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Aluminum Falls to One-Month Low on Iran Tension, US Rate Outlook
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Aluminum Falls to One-Month Low on Iran Tension, US Rate Outlook Aluminum fell to the lowest level in one month after tensions in the Middle East escalated and expectations of US rate hikes damped the demand outlook for industrial metals. Sentiment soured as stocks dropped after US forces struck Iran. The prolonged war has stoked inflation and raised the prospect of higher interest rates that could slow global growth and demand for metals.
Aluminum Falls to One-Month Low on Iran Tension, US Rate Outlook
Aluminum fell to the lowest level in one month after tensions in the Middle East escalated and expectations of US rate hikes damped the demand outlook for industrial metals.
Sentiment soured as stocks dropped after US forces struck Iran. The prolonged war has stoked inflation and raised the prospect of higher interest rates that could slow global growth and demand for metals.