ARLINGTON, VA -- On May 1, the Chinese Ministry of Finance eliminated its 15 percent export duties on aluminum rods and bars (alloy and non-alloyed), and certain primary alloy.
The Aluminum Association believes that the elimination of these export duties is inconsistent with China’s policy to discourage exports of energy-intensive products, a key element of the country’s “new normal” that puts emphasis on sustainable, quality growth. The Association also sees this change as having the potential to encourage unfair trade practices in the aluminum industry.
The Aluminum Association applauded action by the Department of Energy providing a conditional loan of $259 million to Alcoa to support its automotive expansion in Alcoa, TN and the development of advanced vehicle technologies.
Aluminum Association President & CEO Heidi Brock recently highlighted an emerging trend in the U.S. economy - the resurgence of American manufacturing - during the Canadian International Aluminum Conference in Montreal.