Metals Meltdown? The Outlook For Aluminum, Steel And Copper Prices
Source: Pixaby
Among tariff turbulence, pauses and U-turns, steel and aluminum tariffs have remained at 25% on U.S. imports since March 12. President Trump has also ordered the U.S. Department of Commerce to investigate copper imports, which could lead to the imposition of a further tariff.
J.P. Morgan Research estimates that around 40% of refined copper demand and around 70% of primary aluminum demand in the U.S. is imported, and over the past three years, imports have also accounted for 20-25% of steel demand. What will be the impact?
This post originally appeared at J.P. Morgan.
Category: Aluminum, Copper, Industrial Metals
