Aluminium Prices Decline Amid Trump Tariff Concerns

Aluminium prices fell following U.S. President Donald Trump's imposition of a 25% tariff on steel and aluminium imports, raising concerns about a potential global trade war. The three-month aluminium contract on the London Metal Exchange dropped to $2,629.5 a metric ton, reflecting market volatility. Industry experts predict that U.S. aluminium prices will remain under pressure due to high reliance on imports, with net imports accounting for about 82% of U.S. requirements. Australian officials stated they would not curtail aluminium exports despite the tariffs, arguing it would only lead to higher costs for American consumers. The tariffs are expected to impact the global supply chain, with potential retaliatory actions from other countries. Overall, analysts anticipate significant disruptions and increased prices in the aluminium market due to the tariffs and ongoing geopolitical tensions.