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US aluminium premiums hit record levels after tariffs take effect (www.reuters.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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Premiums for consumers buying aluminium on the physical market in the United States hit a record 60 cents a lb or $1,323 a metric ton on Thursday after Donald Trump imposed higher tariffs on U.S. imports of the metal.

The tariffs doubled to 50% on Wednesday.

The U.S. Midwest duty-paid premium has gained nearly 190% since Trump was elected in November for his second term as president.

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[–] [email protected] 3 points 3 weeks ago

So Trump's higher prices are encouraging people to leave their "real job" to become a bum collecting used aluminum cans for money?

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[–] [email protected] 0 points 3 weeks ago

Winning AF.

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