New landing .. aluminum price today after Trump fees

The price of aluminum on the London Metal Stock Exchange has dropped for the second day in a row, amid investors’ evaluation of the imposition of US President Donald Trump as customs duties on metal imports. From March 12, the United States will impose a 25% customs tariff on all aluminum and steel imports, which threaten to reform the worldwide trade in industries used in industries, which include mobilization, cars and infrastructure. A number of analysts indicated that the influence on the price of aluminum will be more reflected by the high domestic price allowance in the United States, not international prices. Major changes in the aluminum market There are also speculations about the possibilities to change the destination of aluminum offer away from America, and whether some countries can be released from customs duties. Japan requested that the Japanese aluminum and steel companies be released from customs duties, while the hope of Australia’s possibility is suspended to release a blow of Trump’s commercial adviser, Peter Navarro, which describes it as “destroy” the aluminum market in the United States. Canada is the largest country that is lightweight for his southern neighbor. Also read: Trump -fee increases new interference in the volatile aluminum market, “City Group” analysts wrote in a memorandum sent via email that “It is difficult to confirm the period of the application of customs duties at this level, given the previous changes and exceptions regarding the customs.” Aluminum price fell by 1:06 hours in Singapore by $ 1% to 2618 dollars per tonne, while the prices of other basic minerals rose, as zinc rose by 1% and nickel fell by 1.2%.