Aluminum Market Reacts to Tariff Shifts

From oilprice.com

The Aluminum Monthly Metals Index (MMI) remained sideways with an upward bias. Overall, the index rose 1.16% from February to March, supported by modest increases in global aluminum prices. The aluminum market has started to settle following a sharp uptrend in U.S. premiums that began late last year. Since the start of Q4 2024, the aluminum Midwest premium and its three-month futures contract rose by 107% and 90%, respectively. The premiums’ bull trend came as markets began to price in the election of President Trump. An even sharper spike followed the White House announcement of 25% steel and aluminum duties as ... (full story)