Aluminum industry giant Alcoa clears inventory, US aluminum supply continues to be under pressure.

A large aluminum buyer in the United States is seeking to purchase approximately 40,800 tons of aluminum metal. This unusual move threatens to further tighten the already fractured market due to Trump's tariff measures, potentially leading to further supply shortages. The amount the company intends to purchase is roughly equivalent to 10% of the monthly aluminum consumption in the United States, which could add pressure to the already restricted market. Oconic processes primary aluminum into sheets, plates, and other products for the automotive, aerospace, transportation, and construction industries. Trump's import tariffs and the uncertainty surrounding future tariffs have disrupted the shipment of foreign aluminum into the United States. Meanwhile, Trump doubled tariffs to 50% in June last year, making metal prices in the domestic market even more expensive. If Oconic successfully purchases 40,800 tons of aluminum, American consumers will face pressure as there is very little domestic supply remaining.