www.spglobal.com/platts/en/market-insights/latest-news/metal…
“The US aluminum industry continues to place big bets on the future of aluminum production, fabrication and recycling in the US,” Johnson said in a newsletter. He added investments have picked up since a “a relatively dormant period during the peak of the COVID-19 crisis in 2020.”…As examples, Johnson referenced project announcements from Novelis, Commonwealth Rolled Products and Norsk Hydro…
“Aluminum is the fastest growing material used by automakers and is expected to grow to 514 lb per vehicle by 2026, up more than 25% in just 10 years,” Johnson said. “Aluminum demand is also increasing in the packaging and building markets. Robust trade enforcement efforts by the government and industry have also driven investment in recent years.”…
Johnson said the flurry of capital expenditures follow a larger trend of growth in the US aluminum industry over the last 10 years, with “more than $4 billion in US manufacturing to support growing demand for the metal.”
U.S. removes tariffs on Canadian aluminum but imposes quotas on future shipments
STEVEN CHASE SENIOR PARLIAMENTARY REPORTER OTTAWA
PUBLISHED SEPTEMBER 15, 2020
Of course the vast majority of Canadian Aluminum is made with clean hydro power in Quebec?
Anymouse <what means this Free Trade thingy?>
Is there tariffs on Canadian lumber?
Duties on Canadian softwood lumber have gone on quite a ride in recent years, rising to 20.2% in 2017 and then settling down to 8.9% last year. However, this May, the U.S. Commerce Department announced it was taking steps to boost tariffs on Canadian softwood lumber imports once again. Dec 9, 2021
Bob, I bought $JJU (Aluminum ETN) and $JJN (Nickel ETN) last Monday after hearing an NPR interview the previous week of commodity experts who know the EV sector well.
Duties on Canadian softwood lumber have gone on quite a ride in recent years, rising to 20.2% in 2017 and then settling down to 8.9% last year. However, this May, the U.S. Commerce Department announced it was taking steps to boost tariffs on Canadian softwood lumber imports once again. Dec 9, 2021 [Emphasis added.]
Tim,
They keep fanning the flames of inflation. The idiocy cuts across party lines.
I am so furious at government efforts to drive up inflation on all the products and raw materials that directly affect the lives of every single human being (along with their pets, animals, and livestock) in the United States. First-time homebuyers, single mothers, and retirees on a fixed income are the most vulnerable to inflation.
Energy for heating
Gasoline, diesel, and jet fuel
Vehicle manufacturing
Transportation and delivery
Homebuilding supplies (such as lumber and fasteners)
Minerals and raw materials
Drug manufacturing substances
Unskilled labor
Education expenses of every kind
All the tariffs, tough talk, punitive policies, and “economic sanctions” impose direct punishment on US families and vulnerable individuals (such as students, single mothers, retirees, and the disabled).
One might come to the conclusion that all politicians and policymakers, regardless of political tribe, are united in their efforts to undermine the best aspects of globalization and labor arbitrage, while increasing the worst aspects of globalization, including military adventurism and coercive economic policies.
One might come to the conclusion that all politicians and policymakers, regardless of political tribe, are united in their efforts to undermine the best aspects of globalization and labor arbitrage, while increasing the worst aspects of globalization, including military adventurism and coercive economic policies.
One exercise to go through is to ask the question: which “politicians and policymakers” benefit? Is it really all of them? Who benefits the most right now from this situation?
The simplest explanation often is the best explanation.
If taxing directly is not feasible,taxing via inflation is the next best option. Most people do not understand the direct link between tariffs and inflation.
I am so furious at government efforts to drive up inflation on all the products and raw materials that directly affect the lives of every single human being (along with their pets, animals, and livestock) in the United States. First-time homebuyers, single mothers, and retirees on a fixed income are the most vulnerable to inflation.