Aluminum producers in Europe did not feel the negative impact of US duties


The import duties on aluminum imported by the USA have not yet significantly affected the producers of this metal in Europe, The Wall Street Journal writes. For a long time, aluminum consumed in the United States accounted for the bulk of imports. In 2017, it was 61%, according to data from the Geological Survey of the country. A spokeswoman for the Norwegian aluminum manufacturer Norsk Hydro, Halvor Molland, said that the tariffs introduced did not have a significant impact on the company's business. The same opinion was expressed by Christian Wellner, a member of the board of the German Aluminum Association GDA. According to the LME, over the past year, world prices for aluminum have decreased by 7%, and the premium to its price on the London Metal Exchange has doubled due to fees, US demand growth and market risks.  

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