U.S. Stock Market News | Aluminum sector declines, Alcoa drops more than 4.6%
On Friday, the aluminum sector fell. As of the time of publication, Century Aluminum dropped by 4.7%, Alcoa fell by over 4.6%, and Kaiser Aluminum dropped by nearly 2%. On the news front, Citigroup stated that the uncertainty surrounding the November U.S. presidential election will dampen global risk appetite and may delay the Chinese government's stimulus plan, thereby hindering a significant rise in metal prices. In recent months, concerns about slowing demand, coupled with anxiety about the global economy, have led to a pullback in prices of metals such as copper and aluminum. Earlier this week, Goldman Sachs lowered its 2025 copper price forecast by $5000, exacerbating the increasingly cautious tone in the commodity markets
According to the Zhitong Finance and Economics APP, on Friday, the aluminum sector fell. As of the time of publication, Century Aluminum (CENX.US) dropped by 4.7%, Alcoa (AA.US) fell by over 4.6%, and Kaiser Aluminum (KALU.US) dropped by nearly 2%. On the news front, Citigroup stated that the uncertainty surrounding the November U.S. presidential election will dampen global risk appetite and may delay the Chinese government's stimulus plan, thereby hindering a significant rise in metal prices.
In recent months, due to concerns about slowing demand and the unsettled global economy, prices of metals such as copper and aluminum have fallen. Earlier this week, Goldman Sachs lowered its 2025 copper price forecast by $5000, intensifying the increasingly cautious tone in the commodity markets