Aluminum Prices Face Downward Pressure as Tariffs Influence Market Trends

Via Metal Miner Overall, the Aluminum Monthly Metals Index (MMI) retraced, with a 4.67% decline from June to July. Aluminum prices continued to decline before finding a bottom in mid-June at their lowest level since mid-April. Overall, this reflected a 6.86% drop from June to July. Prices began to move sideways in mid-June, although the bias remains to the downside. U.S. Applies 10% on Certain Mexican Aluminum Imports In a bid to curb Chinese dumping efforts, the White House announced tariffs on certain Mexican aluminum imports on July 10. The…