RPT-COLUMN-Europe's aluminium industry has its own tariff problems: Andy Home [Reuters]
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Source: Reuters
RPT-COLUMN-Europe's aluminium industry has its own tariff problems: Andy Home (Repeats June 21 column with no changes. The opinions expressed here are those of the author, a columnist for Reuters.) * EU Primary Aluminium Production: tmsnrt.rs/2FreYe6 By Andy Home LONDON, June 21 (Reuters) - U.S tariffs on imports of aluminium have changed the pricing landscape for domestic users. The U.S. Midwest premium, which overlays the London Metal Exchange (LME) cash price, remains stubbornly high and consumers, led by the drinks can industry, are up in arms. They could do worse than learn a tariffs lesson from the European Union, which has imposed its own duties on aluminium imports for many decades. As with U.S. tariffs, the rationale is to preserve threatened primary aluminium smelters. The duty, however, has ended up failing to stop multiple smelter closures while actively undermining the downstream sector, according to the Federation of Aluminium Consumers in Europe (FACE). FACE, which has
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