Aluminum Extends Slump as China Data Adds to Downside Pressure

AI Summary

Aluminum prices dropped to their lowest since March following weak economic data from China and ongoing uncertainty about the implementation of a peace deal between Iran and the United States. These factors add pressure on metals markets and investor sentiment.

Aluminum dropped to its lowest since March after weaker-than-expected economic data from China dragged on metals, while investors assessed lingering questions over the execution of a peace deal between Iran and the US.