This morning in metals news: the Aluminum Association outlined the issues it hopes the Biden administration will take on; in addition, Alcoa recently reported its Q4 2020 and full-year results; and, finally, the oil price retraced slightly this week.
Aluminum Association: aluminum can be part of ‘American comeback’ story
The Aluminum Association laid out its ambitions and goals for a better U.S. aluminum sector in a series of documents titled “Presidential Policy Brief: Recommendations for a Strong U.S. Aluminum Industry.”
The brief refers to energy, environment, infrastructure, recycling and trade as key areas for aluminum.
“The single biggest threat to U.S. aluminum remains unfairly subsidized overcapacity in China,” the brief states. “Strong, targeted trade enforcement is vital to the U.S. aluminum industry’s ability to compete on a market-based, level playing field. The Aluminum Association supports renewed cooperation with traditional trading partners and allies to address this perennial issue.”
Furthermore, the Aluminum Association cited the need to improve recycling levels from consumer applications.
Make sure you are following the five best practices of sourcing aluminum.