
Middle East trades and the $4 billion smelter for Oklahoma
Since March 21 when UAE announced plans to invest $1.4 trillion in the US, including an aluminum smelter, the market has been waiting for details. Now, we have some.
Since March 21 when UAE announced plans to invest $1.4 trillion in the US, including an aluminum smelter, the market has been waiting for details. Now, we have some.
Litho sheet is typically costly and a rare grade of scrap to come by. Unlike other more specific alloys, like 6061 or 5052, it can be consumed by just about anyone or added to just about any melt mix.
Since the aluminum market is subject to Section 232 tariffs of 25%, regardless of source, and which supersedes the 10% tariff, it would bring the effective tariff rate on aluminum products brought into the US from China to 45%.
The purpose of the tapered tariff reduction is to allow time to readjust supply lines or onshore manufacturing to the U.S., a phaseout that incentivizes shifts in components production.
I don’t want to be the grandparent telling number one grandchild that Santa bailed out on Christmas this year and there won’t be any toys coming (from China).
The ruling might not be the last word – but it’s a signal on where future cases my land.
“They need a little bit of time,” Trump said this week, referring to carmakers shifting their sourcing back to the U.S. “Because they’re going to make them here.”
Russian-origin metal comprised around 88% of open tonnages available in the LME at the end of last month.
Behind every aluminum part swap is a deeper question: is it about innovation or just staying one step ahead of trade rules and sourcing roadblocks?
Global trade partners hit back hard, targeting US aluminum, autos, and more.