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2026-01-09 16:54:31
[US Aluminum Prices Hit Record High Due to Supply Tightness and Tariffs] ⑴ US aluminum consumers are facing record high prices, primarily due to global supply tightness, tariff policies, and low domestic inventories. ⑵ Since the US raised import tariffs on aluminum products to 50% last June, US aluminum prices have risen 40% to over $5,200 per ton. ⑶ In addition to the tariff impact, traders continue to focus on supply shortages in other parts of the world. ⑷ LME aluminum prices have risen more than 20% in the past 12 months, reaching their highest level since April 2022. ⑸ This week, the premium of US Midwest aluminum prices relative to the LME benchmark reached a record 96 cents per pound (equivalent to $2,116 per ton), an increase of approximately 65% since last June. ⑹ It is estimated that US aluminum inventories have fallen from 750,000 tons at the beginning of 2025 to less than 300,000 tons.
