The aluminum market has a level of uncertainty with the recent tariffs and sanctions and doesn’t seem likely to change in the near future. Even with announced sanctions against Russian companies back in April US Midwest aluminum 6063 extrusion bill reached an all time high of 17-19 cents per lb in June. As of late august has fallen 2-3 cents per lb.
Followed by US Section 232 tariffs against aluminum imports from Canada, EU, and Mexico in June, tax on aluminum rose 10%. Companies and consumers fear these tariffs might inflict more damage than good. If progress is not created, we can expect the simplest of commodities to increase in price soon.