Collapsed Canada tariff talks put Indiana's aluminium jobs back in the spotlight
Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce...
US aluminium manufacturers launch alliance to address tariff concerns
US aluminium fabricators, extruders and finished-product manufacturers have launched the American Aluminum Alliance. This is a new trade association representing companies at the downstream end of the country’s aluminium value chain. The alliance brings together manufacturers that use aluminium to...
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South African suppliers to the US gets benefited from U.S. sanctions on Rusal
Sanctions on Russian suppliers exporting to the US have indirectly helped some other aluminium producers and aluminium product manufacturers. Johannesburg-based precision water-cutting and -profiling company AquaJet Profiles reported record-high aluminium sales profit margins earlier this year,...
Aughinish Alumina guarantees €28 million financial package to EPA in the event of its closure
The US-sanctioned Russian parent company of Aughinish Alumina, one of the major industrial employers in the mid-west, has reportedly guaranteed a €28 million financial package to the Environmental Protection Agency (EPA) in case of its closure. There are fears that the US sanctions may lead to...
Trump’s aluminium and steel tariffs will cost $1 billion in profits, says Ford CEO
Ford chief executive officer Jim Hackett said Wednesday at a Bloomberg business forum that Trump administration's tariffs on imported aluminium and steel will cost the company $1 billion in profits. The second-largest U.S. automaker said the figure is year-over-year increase from March through...
Trump's steel and aluminum tariffs may impact London’s 2018-2019 budget
A report discussed during London’s corporate services committee meeting on Tuesday September 25 showed that London could be hit by the side effects of Trump’s 25 per cent tariffs on steel and 10% on aluminium. Whoever is elected during municipal election will have to find a way out to manage the...
Aluminium imports by the US and Canada drop 6.3% during January-July 2018; exports up 13%
According to the statistics are derived from customs data released by the U.S. and Canadian governments, imports of aluminium ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) totalled 372 thousand tonnes in July 2018, down 13.8 per cent from the July 2017 total...
Aluminium demand in North America up 2.1 per cent YoY through July; Exports up while imports were off
Preliminary estimates from the Aluminum Association indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 7.4 million tonnes through July 2018, up 2.1 per cent over the same period of 2017. Demand for semi-finished (mill)...
Russia puts its losses from US aluminum, steel tariffs at $600mln — minister
Russia estimates its losses from steel and aluminum tariffs introduced by the United Statesa at $600 million, Russian Economic Development Minister Maxim Oreshkin said in an RT interview. "We have already calculated the damage done to our economy by this decision of the United States, it stands at...
EGA delays its IPO attributing to US additional import tariffs on aluminium and steel
A planned share sale in the UAE could be the latest casualty of President Donald Trump’s trade policies. For instance, Emirates Global Aluminium, owned by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, has already delayed its initial public offering (IPO), as per the...
Aughinish alumina refinery secure temporary reprieve from US government
The owners of the Aughinish Alumina refinery in West Limerick have reportedly secured a temporary reprieve over threat to alumina jobs from the Trump administration. The news arrived after the US Treasury’s Office of Foreign Assets Control (OFAC) granted a three-week extension until November 12 on...
Canada’s Aluminum Valley firms concerned over NAFTA negotiations and US tariffs
Canada’s Aluminum Valley or the heart of the aluminium industry lies along a 50-mile stretch of the Saguenay River in the region of Saguenay—Lac-Saint-Jean, a two-hour drive north of Quebec City. The five aluminium smelters operating in the region account for 50% of Canada’s aluminium production....
US to exempt Indian steel, aluminium from high tariffs
In a massive relief for India, the United States is all set to exempt Indian aluminium and steel from the higher tariff regime announced by President Donald Trump's administration this March. But the exemption is likely to come with riders, a top government official tells ET Now. "The US has agreed...
Fresh tariffs by the US on China lifted LME again yesterday; SHFE likely to trade upward
The US dollar index rebounded as it recovered from earlier weakness that came after China responded with new tariffs on $60 billion worth of US goods. Meanwhile, US Treasury yields were also on the rise, to their highest since May for the 10-year bond. Base metals increased for the most part....
Rusal’s Armenal plant cuts aluminium foil production in Armenia
According to Reuters report, Rusal’s Armenal plant has started reducing its aluminium foil production due to U.S. sanctions on the Russian aluminium giant, a source at the plant and a source close to Rusal said. The Armenian aluminium foil is mostly exported to Europe and the United States. The...
Aluminium can stock shipments by US domestic producers record a 5% YoY drop in August 2018
According to the data revealed by The Aluminium Association, shipments of aluminium can stock by domestic producers in the United States totalled at around 338.5 million pounds in August 2018, while that in the same period last year was at 356.2 million pounds. In July 2018, shipments of aluminium...
The United States allows relief for Rusal, but aluminium's political risks remain
The United States has thrown Russian Aluminium Company Rusal a lifeline by loosening sanctions imposed on the company in April. Critically, the U.S. Treasury has tweaked its sanctions to allow Rusal to enter into new contracts with existing customers. This is good news for the Russian company,...
Proposed 20% auto tariffs on Canada to counter affect auto parts and equipment manufacturers in the US
Recently, President Trump has been repeatedly announcing his plan to punish Canada with auto tariffs. Trump said Canada was "ripping us off" and threatened a tariff on cars from Canada that "would be the ruination of the country." Such attitude is expected to ignite the trade hostilities further...
India defers retaliatory tariffs on US goods yet again till November 3
India for the third time has reportedly deferred the tit-for-tat tariffs against 29 American products worth US$ 235 million. The tariff was supposed to come into force today, September 18, as a response to the Trump administration for raising import duties on Indian aluminium and steel products....
The US alumina import drops 23% Q-o-Q in Q2 2018 while the export surges 20%
According to the latest USGS report on bauxite and alumina import by the United States in the second Quarter 2018, the volume found dropped from 434, 190 tonnes in the first quarter of the year to 353,000 tonnes. This shows that the alumina import volume by the US stood down 23 per cent...
