Keyword "ALU" - List of latest news (54 results)

03:41 Bessent sees de-escalation in US-China trade tensions, talks to be 'a slog'

U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but negotiations with Beijing have not yet started and would be a "slog," according to a person who heard his closed-door presentation to investors at a JP Morgan conference.

12/04 That seat will cost how much? US businesses already seeing impact of Trump tariffs

Business owners provide an early idea of what many more Americans might expect.

11/04 Trump's tariff pause brings little relief as recession risk lingers

A week of turmoil unleashed by U.S. President Donald Trump's tariffs showed little sign of easing on Friday, with markets again tumbling and foreign leaders trying to work out how to respond to a dismantling of the world trade order.

10/04 Trump U-turns on tariffs but keeps trade war heat on China

Trump's turnabout, which came less than 24 hours after steep new tariffs kicked in on most trading partners, followed the most intense episode of financial market volatility since the early days of the COVID-19 pandemic.

10/04 What's in Trump's partial tariff pause

U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers, even as he hiked new tariffs on Chinese goods to 125%.

09/04 EU to start retaliating against U.S. tariffs on Tuesday

The European Union will launch its first countermeasures against U.S. President Donald Trump's tariffs next week, the bloc's members agreed on Wednesday, joining China and Canada in retaliating and escalating a global trade conflict.

09/04 Trump's latest tariffs loom, set to deepen global trade war

Trump's punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward.

08/04 China censures Trump tariff 'blackmail' as market turmoil eases

Trump said he would impose an additional 50% duty on Chinese imports.

07/04 Mexico seeks to avoid retaliatory tariffs against US, but not ruling them out

Mexican President Claudia Sheinbaum said on Monday her government would like to avoid imposing tariffs on the United States in response to President Donald Trump's sweeping tariff plans, though she said they could not be ruled out.

07/04 EU Commission proposes 25% counter-tariffs on some US imports, document shows

The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed.

07/04 Trump's tariff 'medicine' injects turmoil into global markets

Trump indicated he was not concerned about losses in the equity markets.

06/04 More than 50 countries have contacted White House to start trade talks, Trump adviser says

More than 50 countries have reached out to the White House to begin trade talks, a top economic adviser to U.S. President Donald Trump said on Sunday as U.S. officials sought to defend sweeping new tariffs that have unleashed global turmoil.

03/04 Trump signs order ending duty-free treatment for cheap shipments from China

U.S. President Donald Trump signed an executive order on Wednesday that closes a trade loophole known as "de minimus" that has allowed low-value packages from China and Hong Kong to enter the United States free of duties.

03/04 Australia says US tariffs 'not act of a friend' but rules out reciprocal move

Australian Prime Minister Anthony Albanese said on Thursday the decision by U.S. President Donald Trump to impose tariffs was "not the act of a friend," but ruled out placing reciprocal tariffs against the United States.

02/04 Trump administration adds beer, can imports to 25% US aluminum tariffs

The Trump administration on Wednesday said it was slapping a 25% tariff on all beer imports, adding the beverage and empty aluminum cans to a list of derivative products subject to its tariffs on aluminum.

28/03 Trump, Carney say they had a productive call; Canadian tariffs still coming

U.S. President Donald Trump and Prime Minister Mark Carney on Friday had a conversation that both men described as productive, although the Canadian leader said Ottawa would be imposing retaliatory tariffs next week as promised.

28/03 Trump tariffs: Canada's prime minister says nothing off the table in response to US duties

Canada will wait until next week to strike back against the latest U.S. threat of tariffs and nothing is off the table regarding possible countermeasures, Prime Minister Mark Carney said on Thursday.

08/03 China announces retaliatory tariffs on some Canada farm, food products

China announced tariffs on Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October on Chinese-made electric vehicles and steel and aluminium products.

07/03 Mexico aims to boost compliant exports to 90% after U.S. tariff reprieve

Mexico expects to significantly boost the number of compliant companies exporting to the U.S. under a regional trade pact in coming weeks, Economy Minister Marcelo Ebrard said on Friday, after Washington paused tariffs on Mexican shipments entering under the agreement.

06/03 Canada will be in trade war with US for foreseeable future, says Trudeau

Canada will continue to be in a trade war with the United States for the foreseeable future, Prime Minister Justin Trudeau said on Thursday, a day after what he called a "colorful" call with President Donald Trump.

16/01 Trump upended trade once, aims to do so again with new tariffs

Trump's biggest first-term trade impact was to shatter decades of political consensus favoring ever-lower trade barriers that had allowed China to become the world's largest goods producer.

09/01 Exclusive: Vitol plans to cut costs by taking aluminium from LME warehouses in Malaysia, sources say

Energy and commodities trader Vitol is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from London Metal Exchange (LME) warehouses in Port Klang, Malaysia, three sources familiar with the matter said.

28/12 China to cut import tariffs on some recycled copper and aluminium raw materials

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

04/11 Trump's tariffs would reorder trade flows, raise costs, draw retaliation

Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes good on a vow to swiftly impose a 60% tariff on Chinese goods and at least a 10% levy on all other imports.

26/08 Canada, following US lead, to impose 100% tariff on Chinese EVs

Canada, following the lead of the United States, on Monday said it would impose a 100% tariff on the import of Chinese electric vehicles and also announced a 25% tariff on imported steel and aluminum from China.

10/07 US, Mexico move to thwart China circumvention of US steel, aluminum tariffs

The U.S. and Mexico on Wednesday announced new steps to fight the circumvention of U.S. tariffs on steel and aluminum by China and other countries that ship products through Mexico, implementing a North American "melted and poured" standard for steel.

11/06 US bars imports from footwear, seafood and aluminum firms over Uyghur labor

The U.S. has added three more companies to an entity list that bars imports from firms allegedly involved with Uyghur forced labor in China, according to a U.S. government notice posted online on Tuesday.

23/05 US says tariff increases on Chinese EVs, batteries and chips to start Aug. 1

Some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products, will take effect on Aug. 1, the U.S. Trade Representative's office said on Wednesday.

14/05 What the US-China trade looks like by sector

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.

14/05 What are Biden's new tariffs on China goods?

President Joe Biden is hiking tariffs on $18 billion in Chinese goods including electric vehicles, batteries, semiconductors, steel, aluminum, critical minerals, solar cells, ship-to-shore cranes, and medical products, while retaining Trump-era tariffs on over $300 billion in goods.

14/05 Biden sharply hikes US tariffs on an array of Chinese imports

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.

10/05 China's green aluminium ambitions hit by erratic rains, power cuts

Erratic rainfall in China's southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates, emits more carbon dioxide than Australia.

01/05 LME plans for aluminium producers to submit carbon emission data by 2025

London Metals Exchange(LME) on Wednesday launched a consultation requiring producers of aluminium brands deliverable against its contracts to submit carbon emissions data by March 2025.

18/04 Biden - and steelmakers - promise U.S. Steel will stay American

U.S. Steel and Japanese buyer Nippon Steel said the Pittsburgh-based firm will remain an "iconic American company" even after a planned $14.9 billion takeover, echoing President Joe Biden's promise to local steelworkers.

17/04 Biden to call for higher tariffs on Chinese metals in 'Steel City' Pittsburgh

U.S. President Joe Biden will call on Wednesday for sharply higher tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the risk of angering Beijing.

14/04 CME bans Russian-origin aluminium after U.S., UK impose new sanctions

CME Group has suspended from its platform aluminium produced in Russia from April 13, the exchange said on Sunday, after the United States and Britain imposed new sanctions on Moscow for its invasion of Ukraine.

04/03 Europe to battle with US for aluminium if EU opts for Russian ban

European and U.S. buyers will compete aggressively for Middle Eastern aluminium if the European Union bans Russian metal in coming months, sparking price rises reminiscent of 2018 when sanctions were imposed on Rusal.

27/02 Two killed in Guinea unrest linked to nationwide strike

Two people were killed during clashes with police in the suburbs of Guinea's capital Conakry on Monday, their families and medical sources said, amid a national strike that has paralysed the city and disrupted some mining operations.

21/02 Rio Tinto meets annual profit expectations, sees higher costs in 2024

Rio Tinto's , full-year underlying earnings came in-line with analysts expectations on Wednesday, as production gains in its iron ore business countered weaker prices in aluminium, and warned it still faced rising costs.

01/02 Commission to discuss new Russia sanctions proposal with EU countries

The European Commission will start informal high-level meetings with member states on Saturday on the details of a proposed new set of sanctions against Russia for its invasion of Ukraine, three diplomatic sources said on Wednesday.

13/11 Goldman Sachs forecasts higher returns on commodities

Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks.

20/10 EU, US to keep talking about tariffs as war in Israel and Ukraine overshadow talks

U.S. and European Union negotiators failed to reach deals to settle longstanding trade disputes in time for a summit at the White House on Friday, but Washington said it would keep providing some relief from tariffs on steel and aluminum, and both sides said talks would continue.

16/10 EU seeks to ease US tariff, green subsidy threats

The European Union will seek this week to ward off the return of Trump-era metals tariffs and to lessen the negative impact on the U.S. Inflation Reduction Act (IRA) and its subsidies for electric vehicles.

22/09 Mexico must address US' 'serious concerns' over energy measures, USTR says

A U.S. trade official stressed Mexico's need to address "serious concerns" from the United States of its energy measures, which were raised during consultations under a regional trade pact, the U.S. Trade Representative's (USTR) office said on Thursday.

12/08 Vargas, Ruiz, Alu homer as Nationals take series opener from Athletics, 8-2

Ildemaro Vargas homered and drove in four runs, Keibert Ruiz went deep at home for the first time since May and the Washington Nationals defeated the Oakland Athletics 8-2.

21/07 Norsk Hydro says Russian metal threatens benchmark status of LME aluminium

The London Metal Exchange should reconsider a decision not to ban Russian aluminium from its warehouse network as large volumes are jeopardising the benchmark status of its aluminium contract, producer Norsk Hydro said in a letter this week.

05/07 How is extreme weather testing China's climate resilience?

Dramatic swings between extreme heat and intense rainfall are testing China's ability to cope with increasingly wild weather, as high temperatures challenge power grids and water security while floods ruin crops and threaten urban populations.

30/05 EU, US to weigh China, AI, trade strains at high-level Sweden talks

Top U.S. and European Union officials meet in Sweden on Tuesday to weigh how best to deal with China and cooperate on artificial intelligence and other future technology as well as EU complaints about Trump-era tariffs and U.S. green subsidies.

27/05 U.S.-led Indo-Pacific talks produce deal on supply chain early warnings

Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks "substantially completed" negotiations on an agreement to make supply chains more resilient and secure, U.S. Commerce Secretary Gina Raimondo said on Saturday.

07/03 Emirates Global Aluminium's 2022 profit surges to a record $2 bln

Emirates Global Aluminium (EGA), one of the world's largest aluminium producers, said on Tuesday its annual net profit for 2022 surged 34% to a record of 7.4 billion dirhams ($2.01 billion) on higher prices.

27/02 Yellen says legal obstacles remain on seizure of Russian assets to aid Ukraine

U.S. Treasury Secretary Janet Yellen said on Monday that Russia should bear the costs of damage caused by its invasion of Ukraine, but there are "significant legal obstacles" to confiscating major frozen Russian assets.

27/02 U.S. Treasury's Yellen makes surprise visit to Ukraine to push economic aid

U.S. Treasury Secretary Janet Yellen swept into Kyiv on Monday on a surprise visit to reaffirm U.S. support for Ukraine in its struggle against Russia's invasion and promote U.S. economic aid that is bolstering Ukraine's war effort.

24/02 U.S. to impose 200% tariff on aluminum from Russia -White House

The United States will impose a 200% tariff on aluminum and derivatives produced in Russia from March 10, the White House said on Friday, effectively a ban as it announced sanctions on the anniversary of Russia's invasion of Ukraine.

24/02 U.S. targets Russia with sanctions, tariffs on Ukraine war anniversary

The United States marked the first anniversary of Russia's invasion of Ukraine on Friday by announcing new sanctions against Russia and its allies, new export controls and tariffs aimed at undermining Moscow's ability to wage war.