The president of the Aluminum Industry Association describes the situation in Germany’s aluminum industry as “flying blind” and rules out the possibility of saving natural gas without reducing production and therefore deliveries. A reduction in fuel tax, but also an increase in the retirement age to 70 is requested by the head of the sector’s […]
Tag: aluminum
ICAP CRIF: Greece in seventh place among the leading producers of primary aluminum in Europe
Greece ranks 7th among the leading producers of primary aluminum in Europe, according to an industry study by ICAP CRIF. The aluminum sector, as shown by the data of the Hellenic Aluminum Union (EEC), consists of 3,000 companies in all stages of processing and trade and directly or indirectly employs about 30,000 people. The production […]
US-UK agreement to lift tariffs on steel and aluminum
The US government announced on Tuesday that it had reached an agreement with the United Kingdom to lift the punitive tariffs on steel and aluminum imposed by former US President Donald Trump in 2018, as well as British retaliation against US products. “This agreement will help (…) not only to guarantee the long-term viability of […]
At historic highs aluminum, rally for palladium and nickel
The price of aluminum climbed to a new all-time high on Wednesday, with nickel also hovering high for more than 10 years and palladium will rally as the Russian-Ukrainian crisis sparked fears of supply chain problems, boosting commodity prices in general. More specifically, three-month aluminum on the London Stock Exchange jumped to a record high […]
New record aluminum, strong gains for nickel, copper
Aluminum prices climbed to a new all-time high on Wednesday amid growing concerns about possible management difficulties that could block supplies due to severe Western sanctions on Russia over its invasion of Ukraine. Three-month aluminum at LME jumped to a record $ 3,552 a tonne, only to lower its earnings to $ 3,532 a tonne. […]
New record for aluminum, in nickel over 10 years high
Aluminum prices are climbing to a new record in London, while nickel is hovering high for more than 10 years as the start of the Russian invasion of Ukraine intensifies the risks to supply in a market that was already experiencing disruption due to the pandemic. Aluminum was seen to jump 4.8% earlier to $ […]
At a high 14 years the prices of aluminum
Aluminum prices are now at their highest level since 2008, as concerns about reduced supply combined with declining stocks increase the metal’s market volume. In particular, the price of aluminum on the London Stock Exchange (LME) is at 3,237 dollars per ton, showing an increase of 3.4%. According to Reuters, light metal has risen 15% […]
US does not consider easing tariffs on aluminum and steel imports from South Korea
Kathryn Tai, US Trade Representative (USTR), told the South Korean Commerce Minister yesterday that the US had focused on “ongoing talks” on access to steel and aluminum and that domestic industry concerns affect the Biden government’s approach, its office said. South Korea is seeking a 25 percent tariff exemption imposed by the United States on […]
Time bomb for construction projects the increase in the cost of materials
By Eleni Botas The increase of raw materials has caused serious concern in the Construction Groups – at European level – where already 4 out of 10 companies have been forced to cancel or stop their projects as their costs have skyrocketed by more than 22%. According to the latest figures cited by the European […]