Reported about 10 hours ago
Mining giant Rio Tinto Group revealed that US tariffs on aluminum produced in Canada resulted in over $300 million in costs during the first half of the year. Despite these costs, the company noted that a significant portion was mitigated by higher premiums on US sales. The ongoing trade disruptions, initiated by President Trump's tariffs, are impacting the metals supply chain, with rising premiums on aluminum leading to increased prices for American buyers, while industry leaders warn of a potential decline in US demand due to the tariffs.
Source: YAHOO