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Analysis-Canada turns from US to Europe as Iran war propels aluminium higher
By Pratima Desai and Polina DevittLONDON, May 27 (Reuters) - Canada is pushing more of its aluminium towards Europe to make the most of higher premiums on offer, after its neighbour the United States imposed a 50% tariff on the metal last year.A loss of Middle East volumes due to the Iran war has hit Europe hardest and intensified competition with the U.S. for low-carbon supply, driving prices to extreme levels, with policy and prices determining where scarce aluminium is shipped, analysts, traders and aluminium industry sources said.
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al-monitor.com
Analysis-Canada turns from US to Europe as Iran war propels aluminium higher
By Pratima Desai and Polina DevittLONDON, May 27 (Reuters) - Canada is pushing more of its aluminium towards Europe to make the most of higher premiums on offer, after its…
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economictimes.indiatimes.com
Premium for near-term LME aluminium at 19-year high as Iran war tightens supply
The war has curtailed most shipping through the Strait of Hormuz, a key route for Gulf producers to export aluminium and import raw materials. Two regional smelters were hit by…