Global aluminum prices have shown a significant decline following a new statement from U.S. President Donald Trump regarding the potential reduction of import tariffs on steel and aluminum.
This is reported by Finway
Changes in U.S. Trade Policy Impact the Metal Market
According to the Financial Times, U.S. authorities are reviewing the list of goods subject to tariffs, planning to exclude certain items. These intentions are explained by concerns about the negative impact of increased tariffs on consumers in the U.S.
In June 2025, Trump doubled the import tariffs on steel and aluminum to 50%. The tariffs and uncertainty regarding their future disrupted metal supplies to U.S. markets and global markets.
According to the latest exchange data, at 7:45 AM Kyiv time, the price of aluminum on the London Metal Exchange dropped to $3,058.50 per ton. The price decrease occurred amid market expectations of possible changes in U.S. trade policy.
Iron Ore Prices Are Also Falling
Alongside the decrease in aluminum prices, a decline in iron ore prices has also been observed. According to Bloomberg, this was influenced by an increase in inventories in China and higher-than-expected production levels from the Brazilian company Vale SA. This has raised concerns about an oversupply in the global market.
Iron ore futures fell by 1.7%, reaching $97.90 per ton as of 6:05 AM Kyiv time.