Aluminium extends losses on fears recession would hit demand

Three-month aluminium on the London Metal Exchange fell 1.1% to US$2,599 a tonne by 1430 GMT after dropping 1.9% on Monday and hitting its lowest since Dec. 15. (File pic Aluminium storage at Malaysia's Port Klang.)

LONDON: Aluminium prices deepened losses on Tuesday as investors worried that renewed lockdowns in top consumer China and a potential global recession could slash demand for metals.

Three-month aluminium on the London Metal Exchange fell 1.1% to US$2,599 a tonne by 1430 GMT after dropping 1.9% on Monday and hitting its lowest since Dec. 15.