Global aluminium premiums yet to react to US tariffs on Russia, remain largely stable

Global aluminium markets were largely stable during the week to Tuesday February 28 with near spreads in contango on the London Metal Exchange supporting carrying metal, but participants remained cautious of potential effects of the recent United States tariff increase on Russia.

US Midwest market stable despite tariffs on Russia European premiums hold but sentiment remains positive Japan premiums stable on high stocks; South Korea falls US premium unmoved by Russian tariff...

Published

Orla O'Sullivan

Imogen Dudman

Chay Chye Leng

February 28, 2023

21:44 GMT

New York, London, Singapore