No tariff relief for metals but indirect demand boost expected
pre-market1 source ↓written by the desknot a recommendation
- from earlier projections
- $90 per ounce
- earlier projections
- $53–$57 per ounce
ICICI Securities reported that the 50% tariff on aluminium and steel will remain unchanged under the new India-US trade agreement. Despite the lack of direct relief, improved trade flows may provide a slightly positive indirect demand impact for metal companies. Additionally, silver price estimates have been revised to $90 per ounce from earlier projections of $53–$57 per ounce.
Not investment advice. For informational purposes only.