Market Chatter: Canada Aluminum Producers Shift Exports to Europe Amid US Tariffs, Bloomberg Says

MT Newswires Live
09/09

Aluminum producers in Quebec like Rio Tinto (ASX:RIO) and Alcoa (ASX:AAI) are diverting more of the metal to Europe as rising US tariffs make shipments more expensive for American customers, according to a Tuesday Bloomberg report.

According to the report, the US took 78% of Quebec's second-quarter aluminum exports, down from 95% in the first, while Europe's share jumped to 18% from just 0.2%.

US President Donald Trump reimposed a 25% tariff on aluminum imports in March and raised it to 50% in June.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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