What the news says
Aluminum is a key input in automotive production and lightweight components. When raw material prices rise, production costs for automakers like Volvo increase, impacting gross profit and product cost valuation. This move is directly related to the automotive, machinery industries, and aluminum-dependent companies.
07/21, 02:47 AM
President Trump takes further action to adjust aluminium imports into the United States, offering tariff relief for companies that invest in domestic smelters.
President Trump takes further action to adjust aluminium imports into the United States, offering tariff relief for companies that invest in domestic smelters.
Affected assets
LiveSquawk
07/21, 02:47 AM
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financialjuice · 07/15, 09:56 PM
Event soonBank of Canada Governor Macklem noted that some businesses, such as aluminium producers, are finding new markets.
DeItaone · 06/26, 08:29 PM
Market reactionThe EU plans a 15% tax on aluminium scrap exports, as reported by the Financial Times.
jin10 · 07/23, 10:24 PM
High impactWTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.
FirstSquawk · 07/17, 02:55 PM
High impactVolvo Cars CFO stated that high raw material prices are widespread, with lithium, aluminium and nickel having increased significantly.