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Why Aluminum Tariffs Are Reshaping Global Metal Flows
Episode 35 of The Commodities Economy examines the ripple effects of rising aluminum tariffs in mid-2026. Lucas and Luna explore how the 25 percent tariff on imported aluminum is disrupting supply chains from Canada to the Middle East, boosting premiums for US-produced metal while crushing margins for Midwest manufacturers. With LME aluminum prices sliding 6 percent in the past month but US physical premiums hitting 45 cents per pound, the episode unpacks the growing split between exchange-traded and physical markets. They discuss why smelters in the Pacific Northwest are restarting idled…
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