US Midwest aluminium premium elevated by strong demand, tariffs, Alcoa CFO says

June 10, 2021 / www.metalbulletin.com / Article Link

US Midwest aluminium premiums were likely to stay at elevated levels on continuing strength in physical demand and the continuation of trade tariffs, the chief financial officer of Alcoa has said.

According to William Oplinger, the Midwest premium was currently 27 cents per lb, a situation that was likely to continue provided the current factors bullish remained in place.
"Assuming strong demand and that [the United States'] Section 232 [import] tariffs continue, we think that the Midwest premium should continue to be strong," Oplinger told Deutsche Bank's 12th annual global basic materials virtual conference on Wednesday June 9.

"The Midwest premium really reflects the fact that the marginal metal unit is coming from outside North America, and with high shipping prices and premiums around the world...

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok