Industry News

Mexican aluminum industry impacted by lower demand

Views : 221
Update time : 2020-08-05 19:31:02
Aluminum is one of the most useful materials for many appliances, such as domestic utensils, auto parts, etc. According to the National Chamber of the Aluminum Industry (CANALUM) of Mexico, this country could manufacture until 2.5 million tons of aluminum products per year.

Among the aforementioned statistics, 450,000 tons were for the US; and, and 600,000 tons were for Latin America, Europe, and Asia.

For the moment, through the USMCA (United States-Mexico-Canada Agreement), the US president, Donald Trump, has removed the Mexican steel and aluminum products from the list of Section 232, but it seemed the crisis for this industry in Mexico remained still.

Regarding this, the president of CANALUM, Ramón Beltrán, asseverated this dilemma came from the collapse of their main customers’ demands, particularly in the automotive, construction, and aeronautic industries. It’s been calculated that the demands could fall down by 40% in comparison with last year.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
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 Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
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? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11