Hulamin shrugs off impact of US tariffs
Share price leaps after company says duties will not affect its competitive position in US market
20 February 2025 - 18:05
The share price of Pietermaritzburg-based aluminium group Hulamin shot up on Thursday after the company said it was unfazed by the hefty tariffs imposed two weeks ago by US President Donald Trump in his crackdown on imports into the world’s largest economy.
Trump announced this month that he planned to impose a 25% tariff on all imported steel and aluminium in a bid to boost American producers in a move that will spike the costs of soft drinks and beer and many everyday grocery items sold in steel and aluminium cans...
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