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Analysis-Canada turns from US to Europe as Iran war propels aluminium higher

Al Monitor 2026/05/27 18:58

By Pratima Desai and Polina Devitt

LONDON, May 27 (Reuters) - Canada is pushing more of its aluminium towards Europe to make the most of higher premiums on offer, after its neighbour the United States imposed a 50% tariff on the metal last year.

A loss of Middle East volumes due to the Iran war has hit Europe hardest and intensified competition with the U.S. for low-carbon supply, driving prices to extreme levels, with policy and prices determining where scarce aluminium is shipped, analysts, traders and aluminium industry sources said.

Read full story at source (Al Monitor)