Japan Weighing WTO Action Against Trump Administration’s Aluminium Tariff
Terming the Trump administration’s imposition of tariffs upon almost all aluminium imports “extremely regrettable,” Japan’s Finance Minister Taro Aso indicated...
Steven Mnuchin
U.S. Government May Lift Sanctions On Rusal – Mnuchin
A light at the end of the sanctions tunnel appeared late last week for embattled Russian Federation aluminium smelter U.C. Rusal in the form of comments made by United States Treasury Secretary Steven Mnuchin noting the Trump administration’s openness to removal of...
Trump Administration To Remain Unwavering on Tariffs on Chinese Aluminium: Treasury Sec’y Mnuchin
Though the Trump White House announced earlier that tariffs on other goods emanating from the country, U.S. Treasury Secretary Steven...
Sanctions on Rusal Leading to Salary Shortages for Windalco Workers
The sanctions levied against U.C. Rusal by the United States Treasury Department last month are starting to hit home with...
Events
U.S. Sanctions Not Meant to Slay Rusal: Treasury Secretary Mnuchin
Though the United States government says it isn’t trying to snuff the life from Russian aluminium giant U.C. Rusal, Treasury Secretary Steven Mnuchin says that Oleg Deripaska must relinquish his majority position in the firm before he’ll entertain the possibility of a détente. “The first aspect would be that he sells down below 50 percent,” […]
Yielding to European Pressure, U.S. Government Signals Willingness to Relent on Rusal Sanctions
The United States government has slightly softened its stance against Russian aluminium smelter U.C. Rusal, announcing on Monday that the sanctions may be lifted if Oleg Deripaska hands the reins to another. Also, in a nod to the fact that the sanctions have led to an unforeseen burden for certain American companies, the Treasury Department […]
Deripaska, Rusal, and En+ Group Face Sanctions From U.S. Treasury Over Alleged Election Interference
Russian Federation aluminium giant U.C. Rusal is searching for answers in the wake of sanctions levied against it and other Russian interests on Friday by the United States Treasury Department. The world’s second-most-prolific aluminium maker found itself caught up in the latest sanctions against individuals identified by Washington, D.C. as being connected to or otherwise […]
U.S. Lawmakers Urge Treasury Secretary to Reject Zhongwang’s Purchase of Aleris
Over two dozen United States legislators signed a letter calling upon U.S. Treasury Secretary Steven Mnuchin to disallow the sale of value-added aluminium firm Aleris to the People’s Republic of China’s controversial aluminium titan China Zhongwang Holdings. The letter, which was distributed to Reuters yesterday, cited national security concerns as their grounds for objecting to […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
