Aluminium hits over two-week low as US widens 50% tariff

A worker checks aluminium rolls at a warehouse inside an industrial park in Binzhou, Shandong province, China. April 7, 2018. China Daily via Reuters.

BEIJING: Aluminium extended its fall on Wednesday to hit its lowest level in more than two weeks, after the United States widened the 50% import tariff on the metal and its products.

The most-traded aluminium contract on the Shanghai Futures Exchange slid 0.44% to 20,500 yuan per metric ton as of 0202 GMT. Earlier in the session, it touched the lowest since August 4 at 20,430 yuan.