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Global aluminum market unlikely to see significant volatility this year
Earlier this year, the White House announced that the U.S. will impose 200 percent tariffs on Russian aluminum. The 200 percent duty also will apply to aluminum imports from elsewhere that include Russian aluminum. Typically, tariffs lead to increased prices for various commodities, but our commodity specialist, Vivek Aggarwal believes the impact of this action against Russia won’t cause significant volatility due to decreased reliance on Russian aluminum; oversupply of the metal and therefore, tumbling prices; and economic slowdown cooling demand.