Created
: 2025.03.18
2025.03.18 18:23
The EU is launching a probe into Aluminum imports to protect the bloc's industry from an expected surge in cheap imports displaced by US tariffs, according to media reports, ING's commodity experts Ewa Manthey and Warren Patterson note.
"The European Commission is set to announce the probe on Wednesday. Last week, Donald Trump placed 25% tariffs on all steel and Aluminum imports. 'The recently announced US tariffs on Aluminum are likely to worsen the situation further with a significant threat of trade diversion from multiple destinations,' the document reads.'"
"European Aluminum premiums have been falling, while US premiums surged to a record high. This suggests some suppliers to the US are already redirecting sales to Europe to avoid Trump's tariffs. Europe is dependent on primary Aluminum imports. Its Aluminum sector was one of the worst affected during the energy crisis, with more than one million tonnes per annum taken offline. Some restarts have begun in Europe, but significant capacity remains offline."
"Although the EU continues to import Russian Aluminum, volumes have fallen over the past two years as European buyers self-sanction after the invasion of Ukraine. Russia now accounts for around 6% of European imports of primary Aluminum, halving from the 2022 levels. Last month, the EU banned imports of Russian Aluminum, with a quota system allowing 275kt to be used over a 12-month period."
Created
: 2025.03.18
Last updated
: 2025.03.18
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy