aluminum shortage canada

https://globalnews.ca/news/7135609/cusma-canada-tariffs-aluminum An explosion at Kaiser Aluminum's Gramercy., La., alumina refinery, which has taken 1 million tonnes per year of alumina out of the market since early July, coupled with a return of Chinese consumers to the market, is causing spot alumina prices to strengthen. Beverage makers — beer brewers included — have also said there’s an an aluminum can shortage. National aluminum can shortage. But we don’t have to rely on foreign bauxite for our aluminum. “Action — real action, not mere monitoring, and endless discussions in multinational fora — is needed now if the United States is to save what is left of its primary aluminum industry.”. For now the tariff is on hold, just as Canada was going to impose counter tarriffs. Quite a few brands have seen shortages, including Modelo, Corona, Coors Light, and Dos Equis, according to Forbes. The aluminum conundrum has made a dent in the beer industry, too. Bad news, Canada; our country is facing an aluminum can shortage, which means that popping into your local liquor store for a White Claw, Mike's Hard Lemonade or beer might prove more difficult in the coming months. which is ass. — The United States has suddenly called a tariff truce with Canada, lifting its 10 per cent aluminum levy Tuesday just hours before Ottawa was to unleash a suite of countermeasures. There’s little doubt the aluminum industry, and in particular Canadian suppliers, stand to benefit over the long term from the CUSMA’s requirements for regionally sourced metals, said Doug Hilderhoff, a Pittsburgh-based principal analyst at commodities research firm CRU Group. Montréal, September 15, 2020 – The Aluminium Association of Canada applauds today’s agreement to remove recently reimplemented Section 232 tariffs on imports of unwrought, or P1020, aluminium from Canada into the United States. A shortage of aluminum cans is crimping supplies of certain drinks, industry officials said. pic.twitter.com/zwLSugJ8Mi. "Aluminum cans are in very tight supply with so many people buying more … The Canadian aluminum industry, the bulk of which is located in Quebec, owes its origins to soaring American demand for the metal … Load National aluminum can shortage presents another COVID-19 setback for Huntsville brewery News. – Jun 29, 2020, U.S. tariffs on Canadian aluminum would ‘really hurt us’: Quebec premier, U.S. tariffs on Canadian aluminum would ‘really hurt us’: Quebec premier – Jun 30, 2020, Trump touts shipbuilding contract for Wisconsin shipyard, says Canada ‘no longer takes advantage’ on trade, Trump touts shipbuilding contract for Wisconsin shipyard, says Canada ‘no longer takes advantage’ on trade – Jun 25, 2020, U.S. considers reinstating tariffs on Canadian aluminum, U.S. considers reinstating tariffs on Canadian aluminum – Jun 23, 2020, ‘There’s so much pain’: Art shows mental toll COVID-19 taking on youth, expert says, Canada adds 7,563 new coronavirus infections as more variant cases found, Mission school bullying video under investigation, Magic mushrooms grew in man’s blood after he injected them as a tea, Security beefs up in D.C. ahead of Biden’s inauguration, Many Trump voters still stand by their man, Calls to resign mount against controversial Chilliwack trustee, New data shows very little coronavirus transmission in B.C. Mexico president set to meet with Trump next week in first-ever foreign visit. A spokesman for Glencore declined to comment Friday. WASHINGTON — The United States is once again threatening to spark a fresh tariff war with Canada over aluminum exports, despite the debut of a North American trade agreement that was supposed to usher in stability in the midst of an international economic crisis. Canadians have been spending more time at home since March, which means that more people are buying tinned beers and drinks instead of grabbing a pint at their local watering hole. The shortage may be because much of the aluminum comes from Canada and there were 10% US tariffs placed on it by the US government. Join the conversation Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. “It doesn’t make sense,” said Jean Simard, president and CEO of the Aluminum Association of Canada, coming as it does with the coming into force of what Canadian officials call CUSMA — the Canada-U.S. Mexico Agreement, which formally replaced NAFTA this week. Because they traffic in white-hot liquid metal, aluminum smelters can’t simply shut down when demand for the product dries up, which is what happened to Canadian producers — who provide the bulk of the metal to U.S. markets — when the pandemic forced auto manufacturers to idle their assembly lines. Is the Trump administration trying to end that relationship? Canada is facing an aluminum can shortage and White Claws could be threatened Bad news, Canada; our country is facing an aluminum can shortage, which means that popping into your local liquor store for a White Claw, Mike's Hard Lemonade or beer might prove more difficult in the coming months. Canada … CUSMA just took effect. During the pandemic, shoppers have turned toward canned sodas more than ever before. You can unsubscribe anytime or, facing a nationwide aluminum can shortage. And since a good chunk of our aluminum cans actually come from south of the border (the U.S. ships about two billion aluminum cans into the country each year), Canada could be facing a shortage for a while as American manufacturers move to prioritize U.S. stores. Please read our Commenting Policy first. Chapman said the United States is experiencing the same market changes as Canada. Precisely why remains a mystery to trade and industry insiders, although it’s likely the result of a convergence of disparate factors: COVID-19, international metals arbitrage, President Donald Trump’s re-election campaign and $16.3-billion worth of Russian aluminum. Au Canada, en plus de la production d’aluminium de première fusion des alumineries de Baie-Comeau, Deschambault et Bécancour (ABI), Alcoa exploite des usines de transformation qui servent l’industrie de l’aérospatiale, de l’automobile et de la construction. TORONTO — Canada’s move to drop a 10 per cent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans, according to brewing industry executives. Unsubscribe anytime or, Sign up for our free email newsletter so you’re always in the know. Glencore is also a major player in the world of metals arbitrage — buying commodities at the lowest price possible, then shipping and storing them before selling on a futures contract in hopes of a higher price. Updated 5 months ago. Food delivery services saw a huge uptick in usage, so much so that popular … Magnitude 7, founded by a former Glencore aluminum trader, operates a single plant in Missouri that won a new lease on life after Trump’s first round of tariffs in 2018, but which warned in February it was on the verge of shutting down. Glencore was involved, too, swapping shares in Rusal for a direct stake in its parent company, En+. "If imports exceed 105 percent of the expected volume in any month the United States may re … Trudeau says U.S. tariffs on Canadian aluminum would hurt both economies. The ensuing “surge” in Canadian imports caught the attention of the U.S. trade representative’s office — or more specifically, the two U.S. producers that raised a red flag: Century Aluminum and Magnitude 7 Metals, which together comprise a Trump-friendly lobbying effort known as the American Primary Aluminum Association. Understanding how aluminum production works around the world, and how traders and marketers make money from it, can shed some light on how the U.S. is threatening Canadian aluminum anyway. And this should just keep things moving in the right direction.”, Read more: Canada is facing an aluminum can shortage and White Claws could be threatened. And it's not just Canadians; Americans are facing a nationwide aluminum can shortage, too. HOUSTON - With summer weather heating up, consumers may find it difficult to find a cold, canned beverage to quench their thirst. The COVID-19 pandemic saw the implementation of stay-at-home orders all over the country, which had significant effects on a variety of different industries in unforeseen ways. TIL that because of bars being closed, there's a run on cans of beer, which has resulted in a shortage of aluminum cans, which has resulted in @CocaColaCo prioritizing certain products to be canned, which has resulted in a shortage of fresca. The tariffs were driven by the Trump administration’s “America First” agenda, the upcoming US polls in November and complaints from the US aluminum producers Since this may be political, you can google the background yourself. Glencore Plc, a metals trader and producer based in Switzerland, holds a 47 per cent stake in Century. schools, CUSMA taking effect at ‘significant’ time for Alberta’s energy industry: cabinet minister, New NAFTA will impact auto, dairy and digital sector. 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