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

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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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