Top Aluminum Buyer Seeks $218 Million Purchase as Trump Tariffs Roil Market
Rows of aluminum coils at Arconic Corp. manufacturing facility in Alcoa, Tennessee.
Photographer: Luke Sharrett/BloombergA major aluminum buyer is on the hunt for about 90 million pounds of the metal, an unusual move that threatens to further tighten a market fractured by President Donald Trump’s tariff measures.
Arconic Corp. is looking to buy aluminum in the spot market for the second quarter, according to people familiar with the matter. That’s a shift for the company, which in the past had made a majority of its raw material purchases through annual contracts, said the people, who asked not to be identified discussing private commercial matters.