Insignia Consultants | US physical aluminium premiums soar to record high on Trump tariffs
US physical aluminium premiums soar to record high on Trump tariffs
18 hours ago
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LONDON, March 11 (Reuters) - Price premiums for aluminium on the physical market in the United States soared to a record high above $990 a metric ton on Tuesday after President Donald Trump said he would double planned tariffs on Canadian metal to 50%.
Canadian smelters account for the bulk of primary and alloyed aluminium exports to the United States, 70% of 3.92 million tons last year, according to information provider Trade Data Monitor.
