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Rising tensions in the Strait of Hormuz have pushed aluminium prices higher and fueled short-term market volatility, but a full and sustained blockade remains unlikely given historical precedent and strong military deterrence. The main impact on the aluminium sector is expected to be regional supply disruptions and premium divergence, rather than a prolonged global crisis.
Jun 18, 2025 11:05
On June 3 local time, the White House issued a statement announcing that US President Trump would raise tariffs on imported steel, aluminum, and their derivative products from 25% to 50%, effective at 00:01 Eastern Time on June 4, 2025.