Trump's tariffs drive US physical market aluminium premiums to record high

Ultimately, the U.S. is a net importer of aluminium ... Producers will not want to pay the tariff, they will try to pass on as much as they can to consumers,

said Bank of America analyst Michael Widmer

The US cannot produce all that aluminum, they don't have the capacity,

said Eivind Kallevik, CEO at Norwegian aluminium producer Hydro in an interview after the company's fourth quarter results

Tariffs are about making America rich again. It is happening, and it will happen rather quickly,

he added

I have also imposed a 25% tariff on foreign aluminum, copper, and steel,

Trump said in his speech