As the expectation of interest rate cuts heats up, the US dollar is under pressure, and aluminum prices have risen for seven consecutive days, reaching a new high since March.
According to the Securities Times APP, aluminum prices rose for the seventh consecutive trading day on Monday before the high-profile Federal Reserve interest rate decision meeting this week. Data shows that London aluminum rose 0.6% to $2,705 per ton on Monday, reaching its highest level since March. The increase narrowed later in the day, but it is expected to mark the longest upward trend in over a year.
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