U.S. Stock Market News | Aluminum sector declines, Alcoa drops more than 4.6%

On Friday, the aluminum sector fell. As of the time of publication, Century Aluminum dropped by 4.7%, Alcoa fell by over 4.6%, and Kaiser Aluminum dropped by nearly 2%. On the news front, Citigroup stated that the uncertainty surrounding the November U.S. presidential election will dampen global risk appetite and may delay the Chinese government's stimulus plan, thereby hindering a significant rise in metal prices. In recent months, concerns about slowing demand, coupled with anxiety about the global economy, have led to a pullback in prices of metals such as copper and aluminum. Earlier this week, Goldman Sachs lowered its 2025 copper price forecast by $5000, exacerbating the increasingly cautious tone in the commodity markets