1455 ET - Aluminum-can makers Crown Holdings and Ball Corporation have pass-through contracts, meaning that they can pass along the costs stemming from tariffs on imports of aluminum to their corporate customers. "If you think about the cost of a beverage can in the U.S.--let's call it 11 to 12 cents--the tariffs add about a penny to that cost," Jefferies analyst Phil Ng says. The worry is that corporate customers will then pass along those costs to consumers, he says. This is the most likely scenario, he says, and one that could challenge demand. However, he notes that healthy trends for carbonated soft drinks and energy drinks have him feeling bullish on canmakers. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 14:55 ET (18:55 GMT)
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