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8 Pages

Is China to blame for the collapse of the US aluminium smelting industry?


Is China to blame for the collapse of the US aluminium smelting industry?

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.

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  • Is China to blame for the collapse of the US aluminium smelting industry? PDF - 299.04 KB 8 Pages, 0 Tables, 9 Figures

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive summary
    • 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

In this report there are 9 tables or charts, including:

  • Executive summary
    • US primary aluminium production (kt)
    • Components of (C1) cash cost 2016
    • China rapidly closing the gap in power tariffs
    • Self-generated power (%)
    • Primary aluminium smelter cell operating amperage (kA)
    • US primary aluminium balance
    • Unwrought aluminium imports
    • Plate, sheet and strip imports
    • Foil imports
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