Americans will have to pay more for the can of their favourite drink! This is all thanks to the tariff war unleashed by US President Donald Trump.
Here’s what is happening in the aluminium market currently: Aluminium prices are about $2,700 per tonne, near a nine-month high witnessed in the third week of February. Rates are up on lower supply from major producers and hopes of strong demand.
In 2024, China produced a record high 44 million tonnes of aluminum. As a result, Beijing could cap the metal’s output this year to check excess supply and adhere to carbon emission targets. In addition, aluminum exports from China have been lower. These are the basic details.
What does this mean for Aluminium supply globally and what are the repercussions of tariffs on the global trade of Aluminium.
Join businesslike’s Subramani Ra Mancombu as he looks into the current state of the aluminium market and the impact of US tariffs on aluminium prices. Discover how the tariff war initiated by former President Donald Trump is affecting American consumers and the global aluminium industry.
