This Friday, aluminum prices fell. The strong dollar and growing concerns about a potential economic recession, following the fading hopes for a swift end to the war in Iran, outweighed supply fears that had kept the metal's prices on track for a weekly gain.

The price of aluminum, the most traded raw material on the Shanghai Futures Exchange, was down 0.66% at 24,690 yuan ($3,586.94) per metric ton, as of 01:52 GMT.

It had advanced 3.2% since the start of the week, its biggest weekly gain in a month. The London Metal Exchange (LME) will be closed on Friday and Monday for the Easter weekend.

Aluminum prices, for the light metal used in transport, construction, and packaging, hit a nearly four-year high earlier this week, as Iranian attacks on two major Middle Eastern aluminum producers exacerbated fears of a significant supply reduction in the Gulf, which accounted for about 9% of global supply before the conflict.

For other SHFE metals, copper fell 0.1%, nickel edged down 0.09%, tin lost 0.55%, and zinc slid 1.18%, while lead rose 0.18%.