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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Alcoa requests trump administration for exemption from the 10 per cent tariffs on aluminium
On Monday, August 6 Alcoa requested Trump administration for an exemption from aluminium tariffs. The 130 year old aluminium producer was considered to be one of the companies which were benefitted from the tariffs as they faced stiff competition from import. However, the tariffs turned out to be...
Surging US dollar pulled LME aluminium down by 2.2%; SHFE 1810 fell overnight after breaking rangebound trend
The dollar index jumped 0.54% to 95.61 overnight as investors bet global trade tensions and a robust US economy would support the currency. LME base metals closed mixed on Thursday. The day’s trading for aluminium closed at US$ 2118 per tonne yesterday. Aluminium slumped 2.2%. LME aluminium plunged...
Aluminium scrap exports by US up 10% in May; export to China drops 42% on China’s scrap tariffs
According to the latest Mineral Industry Survey report from US Geological Survey, Domestic primary aluminium production in May 2018 was 73,000 tonnes. The average daily production in May was 2,360 t, unchanged from that in April 2018, and 14% more than that in May 2017. The U.S. aluminum industry...
US imposes a new 25% tariff on Chinese goods: Trade war between two countries sure to mount
On Tuesday, August 7, the Trump administration announced to go ahead with its plan to impose a 25 per cent tariff on US$16 billion worth of Chinese goods for escalating a trade war with Beijing further. As per the plan, the new tariff will come into effect on August 23, on 279 Chinese product lines...
Chinese vehicle imports dropped 87% ahead of 40% tariff imposition on vehicles imported from the U.S.
The data from the China Automobile Dealers Association showed that Chinese vehicle imports declined 87 per cent in June YoY to 15,000 vehicles as automakers delayed shipments before tariff cuts on foreign-made vehicles took effect in July. The data from the Association also showed that overall...
India’s retaliatory tariffs on the US postponed to 18th of September
India’s retaliatory tariffs on 29 American products have been postponed to 18 th of September, which was originally scheduled on August 4, 2018. This decision came out in the ongoing discussion between the two countries to resolve trade disputes. “The said notification, with effect from the 4th day...
India to postpone retaliatory tariff worth of $235 million against the Trump administration
India is found compassionate towards the United States agreeing to defer its heavy duties on US$ 235 million worth of 29 American goods by 45 days from August 4, upon a request by the US, sources said. This countermeasure by India was a retaliatory act against the Trump administration’s decision to...
Ampal, Inc. receives grant to fund R&D work on aluminium alloy powders for new applications
U.S. Metal Powders’production facility Ampal, Inc. in Palmerton, Pennsylvania, USA, has received a $10,000 investment from Ben Franklin Technology Partners of North-Eastern Pennsylvania. The investment is part of a series of investments amounting to about US$535,000 made in the region by BFTP/NEP...
Aluminium export from Russia to see a growth in CY2018 on the ease of US sanctions against Rusal
According to the global export-import data, aluminium export by the Russian Federation is expected to grow in CY2018 totalling 4.6 million tonnes, 15 per cent up from 4 million tonnes in CY2017; while in 2016, the aluminium export recorded at 3.8 million tonnes. This shows the Russia Federation is...
China’s aluminium foil export to US likely to see a decline in CY2018 after YoY growth in two previous years
According to the global export-import data, China’s aluminium foils export to the United States is estimated to see a decline in calendar year 2018 after successive hikes in past two consecutive years. In 2018, the expected export volume from China to the US stands at 1, 80, 475 tonnes, 9.5 per...
The White House Economic Council Director shares opinion on US aluminium tariffs on China and EU
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...
Aughinish Alumina could be free from a threat to job loss with US softer approach towards sanctions
The announcement that the US may consider dropping severe sanctions against Rusal could be resulted in easing threat to up to 1,000 jobs at Limerick’s Aughinish Alumina. Aughinish Alumina, owned by Russian giant UC Rusal, had been under threat since April 2018, when the US Treasury Department had...
Hulamin earnings hit heavily by US steel and aluminium tariffs
JSE-listed aluminum producer, Hulamin, on Monday reported a 77 percent decline in headline earnings per share for the six months ended June 30, down to 13 cents per share as the rand was stronger against the dollar in the reporting period. The local manufacturer said that volatility in its markets...
Aluminium scrap export by US and Canada increased about 12% from January to May in comparison to 2017
The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported primary aluminium production in North America (U.S. and Canada) was at an annual rate of 3,683,641 tonnes during June 2018, declining 90,024 tpy (-2.4%) from the May 2018 rate of 3,773,664 tonnes....
Nissan’s net profit reportedly dipped 14% in Q1 FY2018-19 amid US aluminium and steel tariffs
On Thursday, July 26, Nissan Motor Co. echoed Detroit’s concerns over material costs hike due to higher aluminium and steel tariffs. Increased prices of the metals on the face of heavy tariffs were the biggest drag on Nissan’s profitability in the first quarter of FY2018-19 ended on June 30. More...
Coca-Cola announces price hike on increasing metal and shipping prices due to import tariffs
Donald Trump’s aluminium tariffs have already started showing colours in the end user segment. After a series of can makers, automakers and construction companies expressing concern over cost increase and possible price increase on consumers, now is the turn for Coca-Cola, one of the most iconic...
LME aluminium feels pressure on rising US dollar despite the ease out of trade war between US and EU; SHFE stays rangebound
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...
Japan's aluminium industry fears the impact of possible US import car tariffs
On Wednesday, July 25, the head of a Japan trade body said that the country’s aluminium industry seems to be more concerned over the possible US tariffs on automobiles and automobile parts than the duties on aluminium. That’s because Japanese firms are confident that the kind of high-end...
