Aluminum Rally Fades as Traders Weigh Signs of Weak US Economy

(Bloomberg) — Aluminum extended its retreat from an eight-month high as sentiment remained cautious following weak US economic data.

Wall Street suffered its worst loss of the year on Friday on more signs of a cooling US economy. Business activity this month expanded at its slowest pace since September 2023, according to S&P Global, while long-term inflation expectations among American consumers reached the highest in almost three decades.

Industrial metals eased following a broadly strong start to 2025. The demand outlook has held up despite risks from President Donald Trump’s bid to shake up global trade, while a weaker dollar has aided commodities priced in the greenback. 

Aluminum, which notched its highest close since May on Thursday, dropped 1.3% to $2,652.50 a ton on the London Metal Exchange at 11:06 a.m. local time, following a 1.4% drop on Friday. Copper dipped 0.7% and zinc fell 1.9%.

–With assistance from Jack Ryan.

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