2018 PREVIEW: Aluminium in 2018 hinges on geopolitical factors

The prospects for aluminium in 2018 appear to be tied to global trade concerns - particularly protectionist rhetoric coming from the United States as well as the future of supply cuts by Chinese smelters.

In the US, the main question mark is the fate of the Section 232 investigation into national security issues surrounding primary aluminium imports.
According to recent comments by a DC trade lawyer familiar with the matter, the administration of US President Donald Trump is “seriously considering tariffs on imports of primary aluminium,” with the focus on restarting primary aluminium capacity in the US.
The reaction from the US market to this has been tentative. While news about 232 since its announcement late in April has not generally triggered an change in the US Midwest aluminium spot premium, the premium has started to move while the January 22 deadline for the investigations’ conclusion draws nearer.

American Metal Market’s...

Published

Kirk Maltais

January 03, 2018

15:00 GMT

New York