Insight
Is China to blame for the collapse of the US aluminium smelting industry?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The sharp price decline in the LME aluminium price in late 2015 forced substantial output cuts in the US. Following the 1 Mt output cuts and subsequent job losses, the US launched a complaint against Chinese aluminium subsidies at the World Trade Organisation, accusing Beijing of providing cheap loans and subsidised energy to smelters. In effect, the complaint blames the rapid decline in the US smelting industry solely on unfair practices in China. However, the drawn-out decline in US primary metal output is also down to internal cost factors.
Table of contents
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Executive summary
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US ratchets up pressure on China
- The decline in US aluminium production
- US versus China
- Power struggle
- Who is benefitting from the hollowing out of US smelting?
- US becomes largest primary aluminium importer, all eyes on the US Midwest premia
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US ratchets up pressure on China
Tables and charts
This report includes the following images and tables:
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Components of (C1) cash cost 2016China rapidly closing the gap in power tariffsSelf-generated power (%)
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Primary aluminium smelter cell operating amperage (kA)US primary aluminium balanceUnwrought aluminium importsPlate, sheet and strip importsFoil importsUS primary aluminium production (kt)
What's included
This report contains:
