Canalum stands firm defending Mexico's aluminium integrity amidst US allegations

Canalum, the National Chamber of the Aluminum Industry in Mexico, reaffirmed its support for the Ministry of Economy's efforts to defend the nation's aluminium industry against unfounded claims from the United States.

The controversy revolves around the alleged lack of transparency and concerns about Mexican aluminium exports. Let's delve into the key points and the industry's response.

Canalum strongly refuted accusations that Mexico serves as a triangulation bridge for aluminium products from Asia. The chamber highlighted its commitment to transparency, collaborating with surveillance institutions like the SE and SAT to maintain clarity in trade practices.

Virtual dialogue between Raquel Buenrostro and Katherine Tai

The recent virtual meeting between Raquel Buenrostro, head of the Ministry of Economy, and Katherine Tai, the US Trade Representative, emphasised the urgency for Mexico to address the alleged surge in aluminium exports and enhance transparency in steel and aluminium imports.

Canalum challenges claims of increased exports

Julio César Martínez Rivas, President of Canalum, asserted that Mexican aluminium exports to the United States have not significantly changed since 2020, debunking the notion of an unjustifiable increase. The Canalum Foreign Trade Commission's data supported this claim, revealing a trade balance in favour of the United States over the last three years.

Canalum is actively defending the aluminium extrusion sector amidst antidumping and subsidy investigations initiated by the US Department of Commerce. This includes protection against investigations involving 14 Mexican companies, showcasing the interconnectedness of the production chains between Mexico and the US.

Collaboration with the Ministry of Economy

Martínez Rivas highlighted Canalum's ongoing collaboration with the Ministry of Economy to strengthen the sector's representation and address the concerns of Mexican aluminium businessmen. He stressed the importance of resolving trade disputes through established international mechanisms.

Looking ahead: Future of Mexican aluminium businesses

As the Canalum Foreign Trade Commission gears up to defend Mexican aluminium industrialists, who contribute significantly to the national GDP and job market, the future outlook remains crucial. Resolving controversies through established channels is essential to maintaining trade relations between the US and Mexico. If the world of aluminium is where your foray lies, go ahead and book AL Circle's most interesting and informative report, Global Aluminium Industry Outlook 2024.