A 100% Surge in Aluminum Price Premium Has Brewers and Bottlers Asking Why
- U.S. aluminum users seek oversight of Platts pricing process
- Platts says jump in premium reflects squeeze in global supply
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Donald Trump’s trade wars are increasing scrutiny of an obscure process that has boosted how much U.S. beer makers and bottlers pay for aluminum cans.
The chairman of Molson Coors Brewing Co. and a bottler for PepsiCo Inc. are urging the U.S. government to investigate the process used to set benchmark aluminum premiums, which have doubled from 2017 levels in the wake of U.S. import tariffs. And the companies may have an ally in Commerce Secretary Wilbur Ross, who says the jump probably isn’t justified.