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Aluminum prices in London eased on Thursday, hit by worries over the potential economic impact of the new Omicron coronavirus variant, but low inventories cushioned losses.
Three-month aluminum on the London Metal Exchange dipped 0.2 percent to $2,659 a ton, while the most-traded January aluminum contract on the Shanghai Futures Exchange fell 0.6 percent to 18,885 yuan ($2,965.14) a ton.
Heavily mutated Omicron is rapidly becoming the dominant variant of the coronavirus in South Africa less than four weeks after it was first detected there, while the United States on Wednesday became the latest country to identify an Omicron case within its borders.
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The strain has been found in two dozen countries. — Reuters
