07 MARCH 2025AlCircle.com
US aluminium premiums spike to a record $900/t, fueling hope for Novelis’ bottom line boost. But how?
Edited by : Debanjali Sengupta
2 min read
The soaring price premiums for aluminium on the physical market in the United States are believed to benefit Novelis, the US subsidiary of Mr Kumar Mangalam Birla-led Hindalco Industries.
A Reuters report on March 5 highlighted that aluminium premium prices in the US physical market surged to a record high of $900 per tonne, up nearly 60 per cent since the start of 2025, on the account of looming threats of 25 per cent tariffs on aluminium and steel imports by the Trump administration. This increase in the so-called Midwest premium over the LME prices is set to boost Novelis' bottom line.
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