The European Union (EU) is preparing a broader restriction on aluminium scrap exports to non-Organisation for Economic Co-operation and Development (OECD) countries, replacing an earlier trade proposal that would have covered only part of the bloc’s scrap flows. The move could largely impact...
As smartphones, laptops, televisions, electric vehicles, and household appliances become an integral part of modern life, electronic waste (e-waste) is emerging as one of the world's fastest-growing waste streams. Yet, every discarded electronic device contains more than just obsolete technology—it...
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European Trade Commissioner Cecilia Malmstrom shared her belief yesterday, on January 24, that the United States would not impose import tariffs on European cars. She also said that even if the US did impose the tariffs, the European Union was ready with its response. The US President Donald Trump...
Italy is the world’s largest user of aluminium after the USA, Japan, People’s Republic of China and Germany. The aluminium market is concentrated almost exclusively in the north of the country. The large part of aluminium is used by extrusion plants and foundries to supply to the automobile...
India’s and Switzerland’s second request to set up a World Trade Organisation (WTO) panel, to examine its complaint against additional duties imposed by the US on imports of certain aluminium and steel products, has been approved by the Dispute Settlement Body (DSB). “Nine dispute panels have now...
The United States has rejected an appeal from India and Switzerland to set up a panel against the US for imposing high import duties on certain steel and aluminium products. Both the countries will now have to file a second request at the dispute settlement body's (DSB) next meeting which the US...
Aluminium auto parts maker and rolled and extrusion product manufacturer Constellium said that the decline of diesel engine will support the use of aluminium in cars as automakers will shift to lightweight cars to meet strict emission targets. Aluminium has become a significant part in the...
The World Trade Organization agreed that it would hear complaints coming from a range of countries over the US steel and aluminium tariffs and complaints from Washington over retaliatory duties. The WTO's Dispute Settlement Body (DSB) agreed on Wednesday to establish panels to review U.S tariffs of...
Packaging solutions company Tetra Pak has entered into partnership with global resource management company Veolia to recycle all used beverage cartons components collected within the European Union to be recycled by 2025. The average beverage carton comprises around 75% paperboard, 20% plastic and...
On Wednesday, November 14, the European Union Trade Commissioner Cecilia Malmstrom said that EU is ready with its list of potential retaliation targets in case the US President Donald Trump levies auto tariffs on the bloc’s member states. However, as per the report, Malmstrom did not specify the US...
According to a report by MTI on Tuesday, October 30, a Hungarian consortium is working on ways to recycle alumina refinery residues, also known as red sludge, in a HUF 1.5 billion project supported by the European Union. The R&D project, which will run until 2021, is supported by more than HUF 1...
Norway, the European Union and several other countries asked the World Trade Organization (WTO) on Thursday to set up a dispute resolution panel to address U.S. tariffs on steel and aluminium. The United States imposed a 25 percent duty on steel imports and a 10 percent tariff on aluminium imports,...
On Thursday, August 16, Turkish Trade Minister declared that Turkey would challenge the recent Washington’s decision of imposing higher metal tariffs on imports at the World Trade Organisation (WTO). Turkey would not be the first country to file a WTO complaint against the US trade practices....
The director of the White House National Economic Council on Sunday, July 29, staunchly defended the US President Donald Trump’s use of targeted tariffs against China and appreciated President’s no tariffs decision on the European Union. During an interview on CNN’s State of the Union, Larry Kudlow...
The US dollar rose 0.6% last night to close at 94.76 as the euro fell. Base metals inched up for the most part as market worries eased after the US and EU stepped back from a potential trade war and agreed to be at the negotiation table. LME aluminium closed yesterday’s trading at US$ 2054 per...
After a meeting at the White House on July 25, US President Donald Trump and European Commission President Jean-Claude Juncker appeared to reach a deal to quell all the trade barriers between the two countries. Trump agreed to ease sweeping tariffs on the EU-assembled cars, while Jean-Claude...
The US automotive industry pleaded President Donald Trump on Thursday, July 19, to reject higher tariffs on vehicle imports, saying that these additional tariffs could cripple domestic manufacturing and cause job loss. The pleas came followed by the European Union’s announcement of preparing a list...
On Monday, July 16, the United States reportedly brought cases to the World Trade Organisation against the European Union, China, Canada, Mexico, and Turkey, as they had been imposing heavy retaliatory duties on American exports. US Trade Representative Robert Lighthizer claimed that these...
Governor Greg Abbott urged President Donald Trump in a letter on July 28, to reconsider tariffs on imported aluminium and steel, arguing that the metals are vital to the growth of Texas’ industries. In the letter, Abbott mentioned Texas companies imported more than US$8.3 billion worth of aluminium...
German Chancellor Angela Merkel declared yesterday, July 5, that she would back cutting the European Union tariffs on cars imported from the United States. This she announced in response to the US offer to abandon threatened duties on the EU-assembled imported cars in return for concessions....
