The recent announcement by the U.S. administration to impose a 25% tariff on aluminium imports has triggered a market reaction, pushing aluminium prices and the U.S. Midwest premium higher. Tan Sri Paul Koon Poh Keong, CEO of Press Metal Aluminium Holdings Bhd, stated that since the U.S. remains a net aluminium importer, the tariffs are likely to burden American consumers. However, he reassured stakeholders that Press Metal’s direct exposure to the U.S. market is minimal.
Koon highlighted that despite the immediate market turbulence, the aluminium sector remains fundamentally balanced. Supply growth has been constrained while demand continues to be driven by investments in renewable energy, electric vehicles, and other green sectors. He emphasized that aluminium’s critical role in sustainable technologies ensures stable long-term demand.
Press Metal is actively aligning its operations with these trends through its low-carbon aluminium product line, GEM, which has a carbon footprint of less than 4.0 metric tonnes per tonne of aluminium. This innovation supports clients aiming to reduce environmental impact while meeting growing sustainability regulations and consumer expectations.
On the operational front, the company is expanding its downstream segment, particularly in solar energy infrastructure. A new solar frame extrusion facility is being developed in partnership with the Bintulu Development Authority and is expected to be operational by mid-2026. This move is part of Press Metal’s broader strategy to support the global energy transition.
Regarding alumina supply, Koon noted that pressures from elevated prices and logistical disruptions are beginning to ease. Increased capacity from new refineries in Indonesia, India, and China is expected to stabilize supply. Meanwhile, Press Metal is investing further upstream to strengthen vertical integration and reduce vulnerability to raw material price fluctuations.
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