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Trump's tariffs on imported Steel and Aluminum officially take effect, with no country exemptions.
The measure proposed by Trump to raise the actual tariffs on Steel and Aluminum imported into the USA to 25% has officially taken effect, with no country receiving an exemption.
Aluminum stocks generally performed well, RUSAL (00486) rose by 3.21%, and the USA imposes a 25% tariff on imported Steel.
Jingwu Financial News | Aluminum stocks generally performed well, RUSAL (00486) rose by 3.21%, Aluminum Corporation Of China (02600) rose by 1.75%, CHINAHONGQIAO (01378) rose by 1.65%, XINGFA ALUM (00098) rose by 1.37%. In terms of news, comments from Navarro, a trade advisor at the White House, caused market fluctuations. Navarro stated that the USA will implement a 25% tariff on all imported steel and aluminum starting from midnight on Wednesday (the 12th), and there are no exemptions. In an interview with CNBC (Consumer News and Business Channel), he also mentioned that although the double tariff plan has not been implemented,
The computing power stocks are strongly rebounding, and Nonferrous Metals are迎来 a new rotation opportunity.
Yesterday, the market withstood the impact of the drop in the external market and successfully rebounded from the lows, with all three major Index closing in the green. However, due to the further contraction in trading volume, the short-term market still leans towards chaos, and may face a choice of direction in the future.
Hong Kong stock Concept tracking | Aluminum premium in the USA physical market hits a historical high, Global aluminum supply may tighten significantly (including Concept stocks)
The Aluminum premium in the physical market in the USA has set a new record of over 990 USD per ton. According to JPMorgan's forecast, the Global Aluminum market will significantly tighten, with a supply gap of over 0.6 million tons this year.
GTJA: After the holiday, the operating rate of Copper and Aluminum processing continues to recover, and the inflection point for inventory reduction has appeared.
GTJA Securities stated that the Two Sessions are currently being held, releasing signals for stable growth, and macro expectations are improving. At the same time, after the holiday, the processing rate of Copper and Aluminum continues to recover, approaching the peak season, and there has been a turning point in the destocking of social reserves, providing support for prices.
Base Metal Prices Rise; Aluminum Market Set for Deficit in 2025 -- Market Talk
