JPMorgan: 50% of the tariffs have not fully reflected in the premium of U.S. aluminum relative to London aluminum.

Jin10 data June 12 news, JPMorgan pointed out that last week the United States unexpectedly doubled the aluminum tariff to 50%, bringing great uncertainty to the industry. The 50% tariff does not seem to be fully reflected in the premium of Midwest aluminum prices relative to London aluminum prices. Although the existing inventory in the United States can provide a short-term buffer, it will soon be depleted. Given the uncertainty over whether the 50% tariff will ultimately be lifted or whether key exemptions will alleviate the pressure, the premiums for aluminum in both regions seem to be in a state of paralysis.