US aluminium market set to remain tight despite latest tariff changes
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https://think.ing.com/articles/us-aluminium-market-set-to-remain-tight-despite-latest-tariff-changes/
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4 itemsUS aluminium market set to remain tight despite latest tariff changes
The US aluminium market remains constrained despite recent tariff adjustments aimed at boosting domestic production. Per the full note from ing-think, new investment incentives under the amended Section 232 tariffs are unlikely to significantly alter the market's reliance on imports, which keeps Midwest premiums elevated. The US domestic supply situation reflects a chronic shortfall, with only four primary aluminium smelters currently operational. This backdrop suggests that aluminium prices may face upward pressure in the near term as domestic production struggles to recover amid energy cost constraints and lingering import dependencies.