Aluminum prices in the U.S. hit record highs due to tariffs tightening domestic inventories. The all-in U.S. aluminum price reached $4,816 per ton, nearly double December 2023 levels. U.S. heavily relies on foreign aluminum imports, with shipments falling since tariffs imposed. U.S. aluminum inventory shrinking due to tariff uncertainty.

Steel and aluminum tariffs support American industries. Aluminum prices rose on the London Metal Exchange. Open interest in aluminum contracts hit record in Shanghai. Chinese aluminum shares undervalued, driven by data center and AI demand. Funds shifting to aluminum futures, expected to rise. Rising metal prices may increase inflationary pressures.

Read more at Yahoo Finance: Trump’s Tariffs Send U.S. Aluminum Prices to Record Highs