Rising demand, capped Chinese production, and constrained global inventories are reinforcing bullish pressures on aluminium prices.
👉 Source: Financial Times

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Global aluminium prices are being driven higher by a rare squeeze on supply, rising demand and US President Donald Trump’s tariffs, with analysts predicting the situation will get worse in the coming months. Regional US prices have been on a tear this year as the result of Trump imposing a 50 per cent import levy on the metal, which is used in industries such as cars and packaging. The so-called Midwest premium — the premium above the London price for US delivery — has jumped 177 per cent and is hovering around its highest level in more than a decade at above 70 cents a pound. The London Metal Exchange price, the global benchmark, has also climbed about 17 per cent since its April low following Trump’s sweeping range of “liberation day” tariffs.

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