Markets · 03 Nov 2026 · Market data / industry analysis
Midwest aluminium premium remains near record; PPI +48.5% since Feb 2025
US aluminium producer prices up 48.5% Feb 2025–Aug 2026; Midwest premium approached or exceeded $1/lb in early 2026.
bothimmediateconf. 90%
1 · What happened — evidence
- ▸Midwest premium $0.82/lb (week 44)
- ▸Domestic-vs-import spread widening
- ▸Downstream buyers delaying orders
2 · Why it matters to us
Premium drives our pricing power vs domestic US producers and customer demand in automotive and construction.
Key question · Does this change our price?
3 · Financial / operational impact
Working capital tied in US inventory +€38m at current premium.
Route to
Sales DirectorCFOSales & MarketsRisk & Compliance
4 · Affected exposures
5 · Scenario effects
6 · Decisions & actions
Introduce tariff-adjustment clauses in 2027 US contracts
Sales Director · due 28 Nov 2026 · Pending
Draft tariff clause with Legal40%
Customer pass-through analysis top-25 accounts75%