Impact of US and China Tariffs on the Global Aluminum Market

Tariffs on Aluminum and Steel: US President Donald Trump announced a 25% tariff on aluminum and steel, effective from March 12th. This could have a major impact on the global aluminum market, especially on prices and supply.

Investigation into New Tariffs: The US administration has also ordered an investigation into new tariffs that could be applied to aluminum. This is a critical factor that could strongly affect the international market.

Impact from China: China, the world's largest aluminum consumer, is considering additional economic stimulus measures. This could boost aluminum demand and support higher prices in the future.

Aluminum Prices on Trading Exchanges

On the Shanghai Futures Exchange (SHFE), aluminum prices remained almost unchanged, staying at 20,830 Yuan/tonne.Meanwhile, the price of aluminum on the London Metal Exchange (LME) fell by 0.5% to $2,684/tonne.

Other metals on the SHFE also saw fluctuations: zinc rose by 0.3%, nickel by 1.5%, lead by 0.4%, and tin by 2.1%. In contrast, on the LME, the prices of zinc, nickel, lead, and tin all decreased.

Contact H&D Company

H&D Company specializes in providing high-quality aluminum products that meet the demands of both domestic and international markets. With the current price volatility, H&D is committed to delivering optimal solutions for its customers.