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Tariff uncertainty stuns US aluminium spot market
The lack of clarity and frequent changes to tariffs on aluminium imports from Canada has caused the US primary aluminium spot market to nearly come to a halt, with buyers and sellers equally trying to avoid transactions, market participants told Fastmarkets. The uncertainty around which tariffs will be implemented and when has been keeping the spot market quiet, with sellers refraining from selling on the expectation that the premium will hike once the tariffs are imposed, according to a US-based trader. “It is not a matter of the premium. Sellers don’t want to take the risk because [the premium] can be 50 [cents ... (full story)
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- Posted: Mar 13, 2025 4:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 115
