No tariff relief for metals, indirect demand boost expected
after close1 source ↓written by the desknot a recommendation
- from earlier projections
- $90 per ounce
- earlier projections
- $53–$57
The 50% tariff on aluminium and steel will remain unchanged, according to ICICI Securities. Despite the exclusion from the recent India-US trade agreement, indirect demand may improve for metal companies due to enhanced trade flows in related sectors. Additionally, silver price estimates have been revised to $90 per ounce from earlier projections of $53–$57.
This situation may create a mixed sentiment in the metals market, as traders assess the impact of ongoing tariffs alongside potential demand increases.
Not investment advice. For informational purposes only.