London aluminum falls over 8%, marking the largest single-day drop since 2018

Golden Ten Data reported on March 19 that, due to growing concerns over the impact of the Iran war on the global economy, industrial metals generally declined, with aluminum prices on the London Metal Exchange falling by more than 8%, marking the largest single-day drop since 2018. The rapid decline in London aluminum prices erased the gains made since the outbreak of the Iran conflict, which was triggered by threats to regional aluminum supply. This sharp drop in aluminum prices occurred amid a broad sell-off in industrial metals and the overall market, with copper prices falling by more than 4%, gold prices dropping by more than 6%, and global stock markets also experiencing significant declines.