Although the plan is awaiting public review, the tariffs are estimated to be implemented from October 1 and 15, 2024. This move coming into effect in Canada will mark a significant step towards creating fairer trade practices in the North American aluminium market.
The United States and Canada are employing these additional tariffs, like 25 per cent on aluminium and steel and 100 per cent on electric vehicles, to address the unfair trading caused by the influx of cheap Chinese products, which has impacted domestic aluminium producers.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
