Canada shifts aluminium exports to Europe amid Iran war
Canadian producers are increasing aluminium shipments to Europe to capitalize on record premiums following supply disruptions from the Middle East. High US tariffs and a regional deficit of 5.6 million tons have made European netbacks more attractive for Canadian metal exports.
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Canada is diverting aluminum exports to Europe to capture record-high premiums following a 50% United States tariff on the metal. This shift responds to a supply vacuum in Europe caused by the conflict in Iran. The move signals a fundamental realignment of global trade flows as Western buyers compete for limited low-carbon supply.
