Global Aluminum Market Begins To Recover

- Apr 25, 2018-

1.According to foreign news reports on April 24, the Aluminum Association of America on Tuesday called on the U.S. government not to impose quotas on countries that have already exempted the aluminum import tax.

2. The safeguard committee of the World Trade Organization’s Council for Commodities Trade held a meeting in Geneva on the 23rd. Eight WTO members including Russia, India, and China expressed concern about the recent implementation of the steel and aluminum tariff policies of the United States.

3. Considering that domestic companies, allies and partners may also suffer losses due to rising aluminum prices, on the 23rd the United States announced that it would consider reducing the sanctions imposed on RUSAL, the world’s second-largest aluminum company, and that international aluminum prices have plummeted by more than 10%.

4. On April 10th, China Aluminum Group took a crucial step in the formation of a fine alumina domestic marketing platform. It was jointly established by Chinalco International Trading Co., Ltd., Chinalco Shandong Co., Ltd. and Chinalco Zhongzhou Aluminum Co., Ltd. Chinalco New Materials Co., Ltd. officially obtained the business license issued by the Market Supervision Bureau of Wuhu Binhu District. At the same time, Chinalco Wuxi International Trade Co., Ltd. has completed the changes.

5. A few days ago, the “Circular on Announcement of the Second Batch of Manufacturing Individual Champion Enterprises and Single Champion Product List” announced the list of relevant model companies. Liaoning Zhongwang Group Co., Ltd. has a name on the list.