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[Investment Bank: US Steel And Aluminum Tariffs Are Unlikely To Lead To A Sustained Rise In LME Aluminum Prices] On Tuesday, LME Aluminum Prices Fluctuated In A Narrow Range Near A Three-week High After US President Trump Announced New Tariffs On All Steel And Aluminum Imports. ANZ Research Said: "We Expect Any Tariffs To Lead To Higher Prices For US Manufacturers. This Is Likely To Appear In The Form Of Higher Premiums In The US Midwest Rather Than A Sustained Rise In LME (London Stock Exchange) Contract Prices." The United States Is Highly Dependent On Imported Aluminum, Mainly From Canada. US Raw Aluminum Prices, Based On The LME Benchmark Price Plus The Midwest Premium, Have Been Rising In Recent Months, And The Latest Increase Of 10% Has Reached The Highest Level Since July 2022. ANZ Added That Tariffs Will Also Change Trade Patterns, With More Canadian Aluminum Being Shipped To Europe And The United States Increasing Its Purchases Of Aluminum From The Middle East
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