Business

Canada To Impose Retaliatory Tariffs On US$2.7 Billion In U.S. Aluminium Products

Canada To Impose Retaliatory Tariffs On US$2.7 Billion In U.S. Aluminium Products

Responding to a broadside from the Trump Administration to its aluminium industry, the Canadian government fired a return volley this weekend, announcing the levying of US$2.7 billion in retaliatory tariffs on aluminium products imported from it southern neighbor. On Friday, Canada’s Deputy...

China Hongqiao Abruptly Quits The International Aluminium Institute

World leading aluminium producer China Hongqiao Group abruptly quit the International Aluminium Institute (IAI) this week, leaving only four years after joining the body. The IAI accounted for almost two-thirds of the bauxite, alumina, and aluminium mined, refined, and smelted throughout the world. However, with Hongqiao’s departure, the firm takes with it around 6.5 million […]

United States Scrap Aluminium Recovery Falls In May

Recycled aluminium collected from secondary producers in the United States saw a steep decline in May, recovering 19 percent less of it than the previous year. According to numbers from the United States Geological Survey, secondary producers recovered 231 thousand metric tons of scrap aluminium, which was also down from April’s total by 9 percent. […]

Alfa To Sell Off Aluminium Automotive Parts Maker Nemak

Mexican conglomerate Alfa said late last week it is planning to spin off its 75-percent stake in Nemak, a local producer of automotive parts. Alfa is expected to announce the move later this month, which would leave the struggling unit on its own. “We plan a gradual and orderly transition process to make Nemak an […]

Canada Aluminium Exports To United States Down By 30 Percent: AAC

Data released last week by the Aluminium Association of Canada showed a substantial drop in the sale of standard commodity ingot (P1020) aluminium from smelters in Canada to buyers in the United States from last month’s numbers. Per the association, exports to the States from the dominion in July are projected to be off by […]

Trump Administration Levies New Round Of Sanctions On Iranian Aluminium

In an attempt at denying the specialized metals Iran’s nuclear ballistic missile and military programs, the Trump Administration imposed greater sanctions on aluminium, steel, and copper, much of which was already under previous sanction. Late Thursday United States Secretary of State Mike Pompeo described almost two dozen materials used as materials in the Iranian military’s […]