The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted.

The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

. . .

The U.S. is a major importer of aluminum used widely in the transport, packaging and construction industries, shipping in 5.46 million metric tons of aluminum products in 2023, according the U.S. Commerce Department.

According to the Commerce Department, Canada accounted for 3.08 million tons or 56 per centof aluminum product imports to the United States for domestic consumption in 2023, the latest full year data available.

MBFC
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  • xmunk@sh.itjust.worksEnglish
    36·
    18 hours ago

    I’m still hoping that Canada can join the EU. I think it’d be excellent for everyone (except America but who cares at this point).

    • flamingo_pinyata@sopuli.xyzEnglish
      24·
      17 hours ago

      Make up some story about technically joining the EU when the UK did because you had the same Queen. But not being bound by Brexit vote.

      • dlatch@lemmy.worldEnglish
        15·
        15 hours ago

        Merge with Greenland under Danish rule and really watch the orange man explode

      • gruvn@lemm.eeEnglish
        2·
        10 hours ago

        No need to make anything up. We share a land border with Denmark (Hans Island), and we have two little islands off of Newfoundland that are the territory of France (St Pierre and Miquelon). We’re really just far, far, western Europe. 😀

      • xmunk@sh.itjust.worksEnglish
        13·
        18 hours ago

        Alternatively, we could just clarify that the territorial waters of St. Pierre and Miquelon should actually extend west of Haida Gwaii due to some old treaty we found written on gold plates but can’t show to anyone for reasons.