Aluminium business – level 3
From its all-time high in March this year, aluminium has experienced a spectacular fall of over 40%.
A combination of factors contributed to the fall. First, global interest rates dramatically rose even as the US tried to fight inflation. Second, metals have become more expensive with still relatively high yields. However, high rates slowed business and demand for building materials.
In Europe, energy concerns related to embargoes on Russian supplies may continue in the coming months. At the same time, China will continue on its zero COVID-19 policy, so the demand may not increase from that part of the world.
More recent data shows a significant increase of aluminium value at the London metals exchange, and some experts are speculating about the potential dumping of Russian aluminium.
Difficult words: yield (profit), embargo (an official ban on trade with a particular country), speculate (to form opinions about something without having the necessary information).
You can watch the video news lower on this page.
What do you think about this news?
LEARN 3000 WORDS with NEWS IN LEVELS
News in Levels is designed to teach you 3000 words in English. Please follow the instructions
How to improve your English with News in Levels:
- Do the test at Test Languages.
- Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.
- Read two news articles every day.
- Read the news articles from the day before and check if you remember all new words.
- Listen to the news from today and read the text at the same time.
- Listen to the news from today without reading the text.
- Answer the question under today’s news and write the answer in the comments.
- Choose one person from the Skype section.
- Talk with this person. You can answer questions from Speak in Levels.
Stock images by Depositphotos