Aluminium slides 8% and copper slumps as speculators run for cover on Iran war fallout

Metal prices experienced a sharp decline on Thursday. Aluminium saw a significant drop as speculators exited bullish positions. Copper also sank to a three-month low. Surging oil prices are raising concerns about global economic growth. Additionally, ample inventories are weighing on the market. This situation has led to a broad sell-off across various metals.