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2026-01-09 16:36:17
[Record High US Aluminum Prices Amid Supply Tightness and Tariffs Pushing Up Costs] ⑴ US aluminum consumers are paying record high prices, exacerbated by tight global aluminum supplies, the impact of tariffs, and low domestic inventories in the US. ⑵ Since the US raised import tariffs on aluminum to 50% last June, US aluminum prices have risen by 40%, reaching over $5,200 per ton. ⑶ In addition to the impact of US tariffs, aluminum traders have been watching supply shortages in other regions. ⑷ Due to potential supply shortages, LME aluminum prices have risen by more than 20% in the past 12 months, reaching their highest level since April 2022. ⑸ This week, the premium of aluminum prices in the US Midwest over the LME reached a record 96 cents per pound, or $2,116 per ton, up about 65% since last June. ⑹ Furthermore, it is estimated that US aluminum inventories have fallen from 750,000 tons at the beginning of 2025 to less than 300,000 tons.
