(Bloomberg) — Aluminum extended its retreat from an eight-month high as sentiment remained cautious following a mixed session on Friday for metals after weak US economic data.
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Wall Street suffered its worst day of 2025 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.
Metals have had 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 0.8% to $2,667 a ton as of 10:30 a.m. Shanghai time, falling for a second session. Copper dipped 0.4% and zinc fell 0.5%.
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