A near daily data set on the price of aluminum premiums (USD/MT) for LME
in the U.S., Western Europe, East Asia, and Southeast Asia. I like these
data as illustrative of some of the shortsightedness of the aluminum tariffs
that Donald Trump announced in March 2018. The tariffs had no discernible
effect on manufacturing employment or earnings, but they created a supply shock
that made aluminum more expensive.
A data frame with 2,812 observations on the following 3 variables.
datea date
groupa factor with levels of East Asia, Southeast Asia,
United States, and Western Europe
pricea numeric vector for the price of the LME aluminum premium
Details
LME aluminum premiums (monthly contracts going out to 15 months) work
alongside LME aluminum contracts to allow market participants to hedge the all-in
price and physically deliver or receive premium aluminum warrants in
non-queued LME premium warehouses.