Aluminium rises on supply risks after Trump tariff threat
By: Admin
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Aluminium prices rose on Monday due to supply risks after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports.
Three-month aluminium on the London Metal Exchange (LME) rose 0.3% to $2,635 a metric ton, by 0318 GMT.
The aluminium contract on the Shanghai Futures Exchange (SHFE) was 0.2% higher at 20,530 yuan ($2,809.71)a ton.
On Sunday, Trump said he will announce new 25% tariffs on all steel and aluminium imports into the U.S., which would come on top of existing metals duties, in another major escalation of his trade policy overhaul.
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