Understanding the Market | Aluminum stocks rise in early trading as U.S. steel and aluminum tariffs double, increasing volatility in the metal market; institutions say there are still opportunities in long-term rigid supply varieties
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Aluminum stocks rose in early trading, with CHINAHONGQIAO up 2.96%, NANSHAN ALUMINIUM INTERNATIONAL up 1.87%, and CHALCO up 1.28%. U.S. President Trump announced an increase in aluminum and steel import tariffs to 50%, leading to a rise in U.S. aluminum and steel futures prices and increased volatility in the metals market. Goldman Sachs analysts expect that the price increase may impact steel demand in U.S. manufacturing. Zhongtai Securities believes that the downside space for base metal prices is limited and recommends focusing on investment opportunities in rigid supply varieties such as aluminum and copper
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