Aluminium Market Dynamics: ING's View on US Tariff Adjustments and Long-Term Implications

ING views US Section 232 aluminium tariff adjustments as a long-term policy to incentivize domestic smelting investment. This aims to boost US production, reduce reliance on imports, and reshape global trade flows. The policy's success hinges on economic viability and competitive energy costs, with significant implications for pricing, investment, and supply chain strategies.