Aluminum Market Trends | S&P Global

Future Energy

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Uncertainty clouds 2025 US aluminum market

Tariff risk, a new presidential administration and potential interest rate cuts among factors to watch

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Jan 16, 2025

Analysts anticipate bauxite, alumina supply recovery after a volatile 2024

Supply-side challenges for bauxite and alumina should gradually ease in 2025, analysts say.

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Jan 17, 2025

Domestic scrap shortage sees no relief; prices set to stabilize

US scrap yards saw scant supply through the latter half of 2024, and inventories could remain snug.

Tariff talk raises uncertainty around US aluminum pricing

The biggest issue facing the US aluminum market as business opens for 2025 is whether the US will reimpose or increase aluminum import tariffs on Canada, the country's largest supply source.