The newly announced amendments to Section 232 boost the ad valorem duty (a volume-based tariff) from 10 to 25% of the declared customs value for primary aluminum. This boost in the rate gives Alcoa and Century windfall revenue gains as the Midwest physical premium responds to this. If we measure the windfall from Inauguration Day […]
On February 11, 2025, President Trump slammed the door on aluminum imports with a sweeping 25% tariff, eliminating all previous country exemptions. No more breaks for Canada, Mexico, or the EU, if aluminum is coming into the U.S., it’s getting taxed. Period. This move is a game-changer for manufacturers, processors, and buyers who rely on […]
What happened this week: Why it matters: What to watch next: For now, MWP remains elevated, but the key question isn’t if a correction comes, it’s when.
The latest turn on U.S. tariff policy has seen a universal, 25% tariff applied to all countries effective March 12, 2025. It applies to primary aluminum and its ‘derivatives’. We interpret that to apply to semi-fabricated and finished products under Harmonized Tariff Schedule (HTS) Chapter 76. We also suspect that it will be extended to […]
In our Final Thoughts commentary last week, we discussed how used beverage container (UBC) price had become expensive. Conversations at the Platt’s conference centered around what would break the upward trend in prices. As I learned from my oldest mentor at Cargill (when I was a very green and very naïve grain trader), “the cure […]
This first week of February 2025 saw tariffs dominate the aluminum market conversation, with Trump imposing 25% tariffs on Canadian and Mexican imports, then delaying their implementation for 30 days after negotiations with both governments. China wasn’t so lucky, as the U.S. followed through with a 10% tariff on Chinese goods, prompting immediate retaliatory tariffs […]
Waste Management (WM) released its 4th Quarter and full year 2024 earnings on January 29, 2025. The company reported adjusted EBITDA up over 10% for the year at $6.56 billion and reported a 30% margin for the first time in history on its legacy business, which comprises collection, disposal, and recycling. Collection and disposal continue […]
The impact of Trump’s proposed tariffs and the tightness in used beverage container scrap
Are there other options for Canada then shipping aluminum to the U.S., should Trump implement additional tariffs on aluminum.
A rocky start to the new year