Two aluminum industry giants raise product premiums in response to interruptions in imports from the Middle East.

Major American aluminum suppliers such as Rio Tinto Group and Century Aluminum have recently increased the premium on key semi-finished aluminum products by about 12%. Sources pointed out that the interruption of imports from the Middle East due to the Iran war is the main reason for the price increase. These two suppliers have raised the premium on aluminum ingots by about 3 cents per pound compared to pre-war levels. Rio Tinto is also pushing for customers to accept long-term contracts based on higher rates. Both companies declined to comment on this.