Mexico and Argentina take different AD actions on Chinese aluminium products
Mexico and Argentina are moving in different directions on aluminium imports from China. Mexico has imposed a new anti-dumping duty on aluminium bars, rods and profiles, while Argentina has dropped its existing anti-dumping order on certain aluminium tubes. Mexico has issued an anti-dumping duty...
US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
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Tower Aluminium tasks govt on protectionist policy
Stakeholders in the Aluminium sector have called on the Federal Government to review its protectionist policy in the sector, in order to protect local manufacturers from what they describe as unfair competition in the sector. According to them, failure to do so, may lead to more companies closing...
China Lowered Tariff of Bauxite Export
China lowered tariff of bauxite export by fifteen percent. On January 1st, 2013, bauxite’s export tariff was reduced; meanwhile, mg, zinc and coke were also reduced. WTO pointed out Chinese tariff is not fair on January 30th 2013. It violated promise of joining WTO in 2001. In hence, China...
Commerce ruling on aluminum extrusions challenged
The Aluminum Extrusions Fair Trade Committee has filed a challenge at the U.S. Court of International Trade over the Commerce Department’s final scope ruling on side-mount valve controls under the anti-dumping and countervailing duty orders on aluminum extrusions from China. The committee claims...
Rusal, and Rosenergoatom signed a two-year power supply contract
Russian Aluminum, or Rusal, and OJSC Rosenergoatom have signed a two-year agreement on the supply of electric power at a price of three cents per kWh, a joint statement issued by the companies says. The contract involves the supply of electricity from Beloyarsk Nuclear Power Plant to Boguchany...
EU Hits China with Five-Year Duties on Aluminum Radiators
The European Union imposed five-year tariffs on aluminum radiators from China to help Italian and Polish producers compete with cheaper imports. The duties as high as 61.4 percent punish Chinese exporters such as Zhejiang Guangying Machinery Co. for selling the radiators in the EU below cost, a...
BHP power deal in balance
More than 1600 jobs will be on the line at BHP Billiton's Hillside and Bayside aluminium smelters in KwaZulu-Natal if Eskom gets its way in setting aside a controversial electricity supply deal. Eskom this week said it will refer the supply contract with BHP to energy regulator Nersa. The 25-year...
EU Commission looking into China firms over aluminium foil duties
The European Commission is investigating whether Chinese producers of aluminium foil are evading anti-dumping duties imposed by the European Union in 2009, it said on Tuesday. The EU executive said there was evidence that tariffs imposed in 2009 were being circumvented by China exporting rolls of...
Eskom may lose R5.5bn over eight years on its below-cost power deal with BHP
Eskom could suffer a loss of up to R5.5bn over the next eight years on its below-cost electricity supply agreement with aluminium giant BHP Billiton, Parliament heard yesterday. In terms of a special pricing agreement with Eskom, which is clouded in secrecy, the world’s biggest resources company by...
ESKOM is yet to renegotiate contract with BHP Billiton for its Richards Bay smelter
ESKOM is yet to conclude a renegotiated contract with BHP Billiton for the group’s aluminium smelter in Richards Bay, KwaZulu-Natal, Eskom spokeswoman Hilary Joffe said on Wednesday. The delay in the conclusion of the deal could be an indication that negotiations between the two companies are...
EU imposes further duties on Chinese aluminium foil
The European Union added new anti-dumping duties against Chinese producers of aluminium foil on Tuesday, adding penalties against low weight rolls used for consumer food storage. The bloc imposed duties ranging from 13 to 35.4 percent on aluminium foil rolls from China not exceeding 10 kg, to...
Energy Ministry to decide on power subsidy for Bogoslovsk Aluminum Plant ( Part II)
The Russian Energy Ministry is now considering the possibility of effecting a reduction of the long-term electrical power tariff for Bogoslovsk Aluminum Plant (BAZ), Energy Minister Alexander Novak told the press in Yekaterinburg on Wednesday. The issue will be settled on an individual basis, Novak...
Bogoslovsk Aluminum Smelter needs modernization and electric subsidy for recovery - Rusal
Aluminum production at the Bogoslovsk Aluminum Smelter (BAZ) in the Sverdlovsk region cannot possibly be brought to the break-even point just by modernizing it, without lowering the tariff for electricity, Russian aluminum company UC Rusal, which owns the smelter, said in a statement. "BAZ's...
Prosecutors warn aluminum tycoon over Urals mass firing
The Sverdlovsk Regional Prosecutor's Office has issued a warning to Oleg Deripaska, the tycoon that owns Russian aluminum giant RUSAL, over the situation developing at the Bogoslovsk Aluminum Smelter in the Urals, where the company is considering winding up its electrolytic production, the office...
First day of protest in the bauxite mining town, Linden
Except for commercial banks, most businesses in the bauxite mining town of Linden closed their doors and public transportation ground to a halt to mark the beginning of a five-day shutdown against a hike in electricity tariffs. Businesses, including the post office, did not open Wednesday....
Chinese Primary aluminium production up 9.7% in May
Chinese primary aluminium production in May totalled 1,678.4Kt, up 9.7% from the previous month and equating to an annual rate of 19.76Mt. The increase reflects a rise in production in the Guangxi region. Local smelters have re-started pot lines that have idled since the end of 2011 because of...
Indonesia bauxite tax disrupts Asia aluminium
Reuters reported that Indonesia's imposition of an export tax on 14 minerals is disrupting Asia's aluminium markets but the news for producers outside China may not be all bad. The most obvious distortion is the ramping up of Chinese imports of bauxite from Indonesia in the months prior to the tax...
Aluminium producers pitch for raising import duty on aluminium
A deteriorating demand outlook, suppressed market sentiment in Europe and consumption decline in China has led the domestic aluminium industry to demand for upping the import duty on aluminium to 7.5 per cent and imposition 2 per cent customs duty on aluminium scrap to insulate themselves from...
Alumina prices surge on bauxite tariff
The ex-factory price of alumina from Aluminium Corporation of China Limited (CHALCO),China's largest producer of the metal, rose to 2,900 yuan ($455.33) per ton Friday, up 3.6 percent compared with the previous day. The company claims that its bauxite supplies have been affected by Indonesian...
