A “Buy European” industrial proposal in the EU received little enthusiasm, yet aluminium markets continue to feel tight physical market conditions as broader base metals saw gains on Asian trading.

Summary :

Premiums for spot aluminium in the United States have moved in only one direction since the expansion of Section 232 tariffs in early 2025: upwards. Last week, Aluminium Premium Duty Paid US Midwest surged to a new all-time high of USD 2,291.70 per tonne (USD 1.0395 per lb).

Other Asian base metals also started the week on a positive note. Nickel rose by 1.5%, copper gained 1.8%, while tin posted the strongest increase on Monday at 6.6%.

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