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Aluminum prices drop amid China's zero-COVID initiatives

The impacts of China's zero-COVID initiatives significantly dragged down aluminum prices. 
 
The sheer weight of China's economic issues is causing seismic shifts. 
 
As both the largest producer and consumer of commodities, China's recent woes have had a strong impact across the sector.
 
For instance, LME aluminum and copper prices saw respective 13.69% and 4.96% month-over-month drops from March to April. 
 
This had a lot to do with the ongoing lockdowns in Shanghai, which caused manufacturing and consumer demand to contract significantly. 


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