Aluminium leaders from Canada, the US, Europe and Japan to discuss overcapacity roadmap at Montreal

National Aluminum Associations, government officials and major industry players would gather in Montreal to discuss overcapacity “Roadmap” during a summit. The leaders from the Aluminium Associations of Canada, the United States, Europe and Japan will host a summit in Montreal on June 3rd and 4th to address the China overcapacity issues and discuss how it has affected the international trade scenario. This is expected to open up the discussions prior to the G7 meeting later in the week in Charlevoix, Québec.

The organizers are of the view that global aluminium industry is facing great challenges considering the current market conditions, and it is vital for the industry to initiate a top level process to address overcapacity through policy changes. They want to find a solution to the issue through multilateral international institutions such as G7, G20 and the OECD.

Bringing together the aluminium industry from the G7 countries, the summit will help define a governmental/multilateral institutional policy driven roadmap to address overcapacity, as well as governmental/multilateral institutional policies affecting the global aluminium industry. With this roadmap, the aluminium industry representatives want to address the long-term systemic and structural challenges that are creating bottlenecks in free and fair trade. The summit will cover both primary and semi-fabricated products in the roadmap and it will be handed over to the G7 and G20 organizations to encourage the creation of a Global Forum on Aluminium Overcapacity.

Senior level executives from Alcoa, Arconic, Constellium, Hammerer, Hydro and Novelis will attend the summit along with government and non-governmental officials from Canada, Europe and the US and leaders from aluminium associations of Canada and the US.