US Aluminum Hits Record High as Tariffs Shrink Inventory (1)

The price for aluminum delivered to the US hit a record high on Monday as inventories dwindle due to US tariffs.

That all-in American price, which includes the global benchmark cash price set on the London Metal Exchange and the so-called US Midwest premium, climbed to $4,816.004 a ton in the previous session.

The Midwest premium — the amount added to global price benchmarks to deliver the metal to America — has been rising in recent weeks. It was little changed at 89 cents per pound on Monday, just 0.25 cents shy of a record set on Thursday based ...