Canadian aluminum producers have increased deliveries to the United States in recent weeks as US prices on the physical market have risen to reflect the 50% import tariffs imposed by President Donald Trump earlier this year, analysts said.
The tariffs levied in June aimed to boost domestic aluminum production and encourage investment in capacity for the metal used in the power, construction and packaging industries.
Initially, Canadian producers diverted their aluminum to Europe. But that flow is reversing as the aluminum inventories, which had provided a buffer for US consumers, have shrunk.
Not ‘full pace’ yet
“There is some revival in aluminum deliveries to the US but we have not reached full pace yet,” Jean Simard, CEO of the Aluminum Association of Canada, told Reuters.
Simard was referring to the trade flows in September and October that have yet to appear in public customs…
