LME aluminum prices hold near 3-week high due to US tariff concerns
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Update time : 2025-02-11 16:22:52
The London Metal Exchange (LME) aluminum prices held near a three-week high as US tariffs on steel and aluminum triggered trade war concerns. The three-month aluminum was steady at US$2,657.5/ton after hitting US$2,662.5 on Monday.
US President Trump imposed a 25% tariff on imports of steel and aluminum, potentially boosting US Midwest premiums rather than LME prices. The US, highly reliant on Canadian aluminum, may shift purchases to the Middle East, while Canada increases exports to Europe, according to ANZ Research.
