The state of primary aluminum inventories in the U.S.
They're low. This is what's going on.
They're low. This is what's going on.
Recycling rates are just one of the factors at play when considering scrap export bans
U.S-China trade negotiations have another 90 moratorium, so it does suggest that perhaps the USMCA partners may next up on the agenda.
March reached the highest level imports for the year so far at 426,911 metric tons, a spike of 47.5 % compared to a same month last year, according to the ITA.
Would a 25% tariff be a win for Canada?
With Century's Mt. Holly coming back online, the real question is whether other idled U.S. smelter capacity have any realistic path to restart.
Century plans to invest about $50 million in the effort, adding about 10% to US production.
“We have, so far, not seen big changes to our operations from tariffs and potential trade wars. Our main concern is whether the uncertainty will lead to a global economic downturn.”
These expansions are being driven by the rapid growth of data centers, which are putting electric grids under pressure.
The world’s second-largest miner by market value said it now expects the aluminum raw material to hit the higher end of its full-year guidance range, the company said in its second quarter production report.