- cross-posted to:
- canada@lemmy.ca
- cross-posted to:
- canada@lemmy.ca
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.
Half of their imported aluminum, not half of the total. It’s an important distinction.
right, american production of aluminum metal is 1/4 of canadian production. it also critically depends on cheap elecrticity, canadians have nuclear powerplants and hydro, and guess what other funny thing canadians can do
e: i can’t read
it breaks down like this: american production of aluminum 750k tons, canadian 3000k tons (https://en.wikipedia.org/wiki/List_of_countries_by_aluminium_production), 95% of canadian aluminum exports go to usa (https://oec.world/en/profile/bilateral-product/raw-aluminium/reporter/can#trade-flow), and comparing export value, price per ton and manufacture, it looks like most of manufacture goes to export, let’s say 90%, of which 95% goes to usa, that is somewhere around 2560k tons. this is 56% of imports, so the rest is about 2010k tons. so out of 5320k tons total, canadians can just take away almost half
Oh, what’s this gonna be? Go out for a rip?
Oh
i misinterpreted certain statistics first time around, which suggested that potential canadian impact on available primary aluminum in us would be lower. canadians also export lots of oil and gas south, and there’s plenty of gas powerplants in us
Thanks for the numbers, makes a clearer portrait.