Global Aluminium Producer Seeks Q2 Premium of $260/T From Japan Buyers
A global aluminium producer has sought a premium of $260 per metric ton from Japanese buyers for April-June primary metal shipments, up 14% from the current quarter. The proposed premium reflects concerns that fresh U.S. tariffs on Canadian aluminium could divert supply from the Middle East, Australia or other regions to North America, tightening availability in Asia. This move is part of a broader trend of price volatility in the global aluminium market due to trade tensions and supply chain disruptions.
- The surprise increase in proposed premium highlights the ongoing vulnerability of Asian aluminium importers to fluctuations in global supply and demand, reflecting the industry's increasing reliance on international trade.
- How will the implementation of tariffs on Canadian aluminium imports from the US impact the regional price dynamics and availability of this critical metal in Asia?