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Aluminum Prices Face Downward Pressure as Tariffs Influence Market Trends

Aluminum Prices Face Downward Pressure as Tariffs Influence Market Trends

Via Metal Miner Overall, the Aluminum Monthly Metals Index (MMI) retraced, with a 4.67% decline from June to July. Aluminum prices continued to decline before finding a bottom in mid-June at their lowest level since mid-April. Overall, this reflected a 6.86% drop from June to July. Prices began to move sideways in mid-June, although the bias remains to the downside. U.S. Applies 10% on Certain Mexican Aluminum Imports In a bid to curb Chinese dumping efforts, the White House announced tariffs on certain Mexican aluminum imports on July 10. The…

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