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Detroit automakers warn USMCA revamp could add billions in costs

Detroit automakers are preparing to argue to the Trump administration that proposed changes to the North American trade deal could add billions of dollars in annual costs and weaken their competitiveness against foreign rivals. US car companies are already absorbing tariffs on steel, aluminium, vehicle parts and vehicles imported from Mexico and Canada. Executives now fear that Washington’s proposals for the revised trade agreement could increase those costs further ahead of talks with Mexica ...

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US aluminium revival puts Alcoa, Kaiser and Century in focus

The US aluminium industry is showing signs of recovery after years of declining domestic primary production, with tariff support, new investment and the restart of idled capacity creating opportunities across the value chain. Century Aluminum’s Mount Holly smelter in South Carolina has returned to full production after the company restarted more than 50,000 metric tonnes of previously idled capacity. The restart lifted total US primary aluminium output by nearly 10 per cent and brought the pl ...

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Chinalco raises Chalco stake to 34.01% with $98m share purchase

Chinalco has increased its stake in Aluminum Corporation of China Limited, known as Chalco, after purchasing shares worth CNY 659 million (USD 97.7 million). According to a Hong Kong filing dated August 11, 2026, Chinalco and parties acting in concert acquired 77.4 million Chalco shares, comprising 47.6 million A-shares and 29.8 million H-shares. Following the purchase, Chinalco and its affiliated parties held approximately 5.83 billion shares, representing 34.01 per cent of Chalco’s total i ...

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