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Aluminum hits a week low as Trump may ease tariffs
February 16, 2026
|Business World Philippines
Aluminum prices sank to a one-week low on Friday after a report the US may trim some import tariffs, though they pared losses after investors decided any impact would be modest.
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Other industrial metals lost ground on profit taking and risk-off sentiment.
Benchmark three-month aluminum on the London Metal Exchange (LME) gave up as much as 2.7% but cut its losses to 0.9% by 1700 GMT at $3,074 a metric ton, its weakest since Feb. 6.
On Thursday, it touched a nearly two-week peak on supply concerns.
“Macro-driven risk-off sentiment and broad profit taking continue to unwind the strong early-year rally,” said Ewa Manthey, commodities strategist at ING in London.
هذه القصة من طبعة February 16, 2026 من Business World Philippines.
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