Norsk Hydro, Rio Tinto lose market share as Canadian aluminum shipments surge — Panjiva
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Norsk Hydro, Rio Tinto lose market share as Canadian aluminum shipments surge

Canada 504 Materials - Metals/Mining 767 Metals - Aluminum 257 Russia 122 Tariffs 1818 U.S. 5347 UAE 27

U.S. aluminum prices are starting to factor in the prospect of new tariffs on imports from Canada according to S&P Global Platts. That’s become a possibility after U.S. imports of aluminum from Canada surged in the wake of an exemption granted from section 232 tariffs and comes as the U.S.-Mexico-Canada Agreement trade deal has come into force. A prior agreement between the U.S. and Canada states tariffs can return if imports “surge meaningfully with consideration of market share”. U.S. imports from Canada of all aluminum products climbed 29.6% year over year in the three months to May 3...

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