Aluminum price falls as China sticks to covid curbs

Aluminum prices fell on Wednesday as China dashed hopes of an easing in covid-19 restrictions that have dampened economic growth.

Three-month aluminum on the London Metal Exchange dropped 1.1% to $2,212.50 a tonne by 1000 GMT, its fifth day of losses.According to the official newspaper of the Communist Party, the country will persist with its strict covid-19 policies.

Beijing and other regions carried out environmental inspections on factories that have trimmed spot metals demand, ahead of a Communist Party congress starting on Oct. 16.

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