Is the Trump administration trying to end that relationship? Read full press release Lire la suite 2020-08-19 Canada … Trudeau says U.S. tariffs on Canadian aluminum would hurt both economies. Read more: National aluminum can shortage There's an unexpected shortage in aluminum cans as a result of the COVID-19 pandemic. That’s a very old loophole. A shortage of alumina is helping to underpin the aluminum price rise. TIL that because of bars being closed, there's a run on cans of beer, which has resulted in a shortage of aluminum cans, which has resulted in @CocaColaCo prioritizing certain products to be canned, which has resulted in a shortage of fresca. Quite a few brands have seen shortages, including Modelo, Corona, Coors Light, and Dos Equis, according to Forbes. An explosion at Kaiser Aluminum's Gramercy., La., alumina refinery, which has taken 1 million tonnes per year of alumina out of the market since early July, coupled with a return of Chinese consumers to the market, is causing spot alumina prices to strengthen. The aluminum conundrum has made a dent in the beer industry, too. A separate group known as the Aluminum Association, which counts dozens of U.S. and international producers among its members, has argued against tariffs, calling Canadian suppliers an integral element of the North American supply chain and a key component of the industry’s success. HOUSTON - With summer weather heating up, consumers may find it difficult to find a cold, canned beverage to quench their thirst. https://globalnews.ca/news/7135609/cusma-canada-tariffs-aluminum Finding your favourite cans on store shelves is becoming increasingly difficult thanks to a shortage of aluminum cans. Here’s why Canada is facing new tariff threats from the U.S. Trudeau praises new CUSMA trade agreement, coming into force on Wednesday, WATCH ABOVE: Trudeau praises new CUSMA trade agreement, coming into force on Wednesday
An unexpected consequence of the pandemic is a shortage of aluminum cans. Sorry, folks; unless White Claw begins to package their drinks in plastic bottles, some of us may have to go Claw-free this summer. Please read our Commenting Policy first. And since a good chunk of our aluminum cans actually come from south of the border (the U.S. ships about two billion aluminum cans into the country each year), Canada could be facing a shortage for a while as American manufacturers move to prioritize U.S. stores. The Shortage in Aluminum Could Spell Big Trouble for Canned Beer Manufacturers By Mustafa Gatollari. It is the most abundant metal in the earth's crust. Glencore Plc, a metals trader and producer based in Switzerland, holds a 47 per cent stake in Century. The COVID-19 pandemic saw the implementation of stay-at-home orders all over the country, which had significant effects on a variety of different industries in unforeseen ways. Bad news, Canada; our country is facing an aluminum can shortage, which means that popping into your local liquor store for a White Claw, Mike's Hard Lemonade or beer might prove more difficult in the coming months. Want to discuss? Quite a few brands have seen shortages, including Modelo, Corona, Coors Light, and Dos Equis, according to Forbes. “It’s worth raising the question,” Simard said. An explosion at Kaiser Aluminum's Gramercy., La., alumina refinery, which has taken 1 million tonnes per year of alumina out of the market since early July, coupled with a return of Chinese consumers to the market, is causing spot alumina prices to strengthen. A shortage of aluminum cans is crimping supplies of certain drinks, industry officials said. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. Magnitude 7, founded by a former Glencore aluminum trader, operates a single plant in Missouri that won a new lease on life after Trump’s first round of tariffs in 2018, but which warned in February it was on the verge of shutting down. The Canadian aluminum industry, the bulk of which is located in Quebec, owes its origins to soaring American demand for the metal in the months prior to the U.S. entry into the Second World War — a partnership that cemented Canada’s role in the continental military industrial base. Read more: Read more: United States President Donald Trump imposed tariffs on aluminum imports from Canada. MANITOWOC, Wis. (WBAY) - One Manitowoc manufacturer feels the direct impact of a national aluminum shortage, specifically a shortage of aluminum cans. Aluminum is at the center of a major pandemic-fueled disruption. https://www.distractify.com/p/why-is-there-an-aluminum-shortage Reply. And yet, President Trump has, according to Reuters, reinstated a 10% tariff on aluminum products entering the … Craft Brewers Guild. “Action — real action, not mere monitoring, and endless discussions in multinational fora — is needed now if the United States is to save what is left of its primary aluminum industry.”. The pandemic has fuelled a global collapse in the price of aluminum, Simard said, while the threat of tariffs has had the opposite effect. A potential 10 per cent U.S. tariff on Canadian aluminum could hurt the United States more than Canada. Ses établissements et usines sont principalement situés au Québec, en Ontario et en Alberta. For now the tariff is on hold, just as Canada was going to impose counter tarriffs. Some brews may be harder to find because of aluminum can shortage Rex Hodge 7/21/2020. “It’s like an oxymoron. Can shortage has brewers feeling tapped out First is the 10 per cent tariff on aluminum placed on Canadian exports to the U.S. by the Trump administration earlier this summer. Update, August 10, 2020: Since the U.S. is already dealing with an aluminum can shortage as more people stock up on canned beverages for home drinking (rather than draft beer at bars, say), manufacturers are scrambling to ramp up production and stay ahead of rising demand. “The surge of Canadian metal has a caused the price to collapse and is endangering the future viability of the U.S. primary industry,” the association wrote to U.S. trade ambassador Robert Lighthizer in May. Here’s how, New North American trade deal launches amid tariff threats, Mexico president set to meet with Trump next week in first-ever foreign visit, Trudeau says U.S. tariffs on Canadian aluminum would hurt both economies. "Aluminum cans are in very tight supply with so many people buying more … “It doesn’t make sense,” said Jean Simard, president and CEO of the Aluminum Association of Canada, coming as it does with the coming into force of what Canadian officials call CUSMA — the Canada-U.S. Mexico Agreement, which formally replaced NAFTA this week. CUSMA just took effect. The U.S. doesn’t have anywhere near enough smelting capacity to meet that demand by itself, he added. “We … New NAFTA will impact auto, dairy and digital sector. Pure aluminum (Al) is a silver-white, malleable, ductile metal with one-third the density of steel. Canadian aluminum ingots await processing on the shop floor. Mexico president set to meet with Trump next week in first-ever foreign visit. As 2021 kicks off, investors might be wondering what’s next for the aluminum outlook. The shortage may be because much of the aluminum comes from Canada and there were 10% US tariffs placed on it by the US government. “What do the traders do? “The key player over and above everybody else is Glencore.”. Because they traffic in white-hot liquid metal, aluminum smelters can’t simply shut down when demand for the product dries up, which is what happened to Canadian producers — who provide the bulk of the metal to U.S. markets — when the pandemic forced auto manufacturers to idle their assembly lines. National aluminum can shortage presents another COVID-19 setback for Huntsville brewery News. There’s little doubt the aluminum industry, and in particular Canadian suppliers, stand to benefit over the long term from the CUSMA’s requirements for regionally sourced metals, said Doug Hilderhoff, a Pittsburgh-based principal analyst at commodities research firm CRU Group. Instead, they were forced to pivot away from the specialized premium products demanded by the auto sector and produce the more generic primary aluminum known as P1020, shipping it to the only storage warehouses that are cost-effective, Simard said: facilities in the U.S., which is where the lion’s share of the North American aluminum market is located. The cost of diet coke has remained stable for nearly 15 years. "Aluminum cans are in very tight supply with so many people buying more … which is ass. They buy the metal at a very low price because the crisis is what brought you to pivot to this position, and they warehouse it when interest rates are very low because it’s a crisis,” Simard said. Glencore was involved, too, swapping shares in Rusal for a direct stake in its parent company, En+. Aluminum prices are collapsing and excess inventories are rising fast, but the market isn’t yet facing the crisis that ravaged the industry in 2008. Since this may be political, you can google the background yourself. The ensuing “surge” in Canadian imports caught the attention of the U.S. trade representative’s office — or more specifically, the two U.S. producers that raised a red flag: Century Aluminum and Magnitude 7 Metals, which together comprise a Trump-friendly lobbying effort known as the American Primary Aluminum Association. A spokesman for Glencore declined to comment Friday. Join the conversation During the pandemic, shoppers have turned toward canned sodas more than ever before. “Looking over the past decade, we’ve seen aluminum consumption by the auto sector grow pretty strongly due to all the lightweighting initiatives. When combined with water and other trace elements, it produces the main ore of aluminum known as b… Canadians have been spending more time at home since March, which means that more people are buying tinned beers and drinks instead of grabbing a pint at their local watering hole. Justin Bieber's footwear collaboration overwhelms site San Francisco (CNN Business) A shortage of one of the most mundane items in daily life -- the humble aluminum can -- … If U.S. President Donald Trump decides to impose a second round of aluminum tariffs on Canada in the coming weeks, as recent reports have suggested, some industry workers are warning the effect would likely hurt U.S. businesses more than those in Canada. UPDATE: Sept. 16, 2020: The U.S. reversed its decision to impose aluminum tariffs on imports from Canada, backdated to Sept. 1, according to a statement from the Office of the U.S. Trade Representative.USTR cited an expected decline in Canadian aluminum imports as the reason for the decision. I think @Airstream_Inc bought it all up #RVLife pic.twitter.com/OLhLQVKL0n. Unsubscribe anytime or, Sign up for our free email newsletter so you’re always in the know. Understanding how aluminum production works around the world, and how traders and marketers make money from it, can shed some light on how the U.S. is threatening Canadian aluminum anyway. "If imports exceed 105 percent of the expected volume in any month the United States may re … The demand has caused a shortage of aluminum cans that's affected fan favorite soda brands. Canada warned of a “dollar-to-dollar” retaliatory imposition of tariffs. – Jun 29, 2020, U.S. tariffs on Canadian aluminum would ‘really hurt us’: Quebec premier, U.S. tariffs on Canadian aluminum would ‘really hurt us’: Quebec premier – Jun 30, 2020, Trump touts shipbuilding contract for Wisconsin shipyard, says Canada ‘no longer takes advantage’ on trade, Trump touts shipbuilding contract for Wisconsin shipyard, says Canada ‘no longer takes advantage’ on trade – Jun 25, 2020, U.S. considers reinstating tariffs on Canadian aluminum, U.S. considers reinstating tariffs on Canadian aluminum – Jun 23, 2020, ‘There’s so much pain’: Art shows mental toll COVID-19 taking on youth, expert says, Canada adds 7,563 new coronavirus infections as more variant cases found, Mission school bullying video under investigation, Magic mushrooms grew in man’s blood after he injected them as a tea, Security beefs up in D.C. ahead of Biden’s inauguration, Many Trump voters still stand by their man, Calls to resign mount against controversial Chilliwack trustee, New data shows very little coronavirus transmission in B.C. The aluminum products excluded from tariffs last week include cans that brewers have been struggling to keep in stock, said Luke Harford, president of trade association Beer Canada. Chapman said the United States is experiencing the same market changes as Canada. TORONTO — Canada’s move to drop a 10 per cent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans, according to brewing industry executives. Aluminum can shortage? Canada probably isn't seeing the worst of the shortage yet since it's a trickle-down effect, but some store owners are already reporting bare shelves where popular canned drinks would normally be. Precisely why remains a mystery to trade and industry insiders, although it’s likely the result of a convergence of disparate factors: COVID-19, international metals arbitrage, President Donald Trump’s re-election campaign and $16.3-billion worth of Russian aluminum. pic.twitter.com/zwLSugJ8Mi. The coronavirus crisis is causing an aluminum can shortage as lockdowns accelerate demand for … A shortage of 12-ounce aluminum cans is prompting many soda and beer makers to cut back on the quantities of the beverages they are producing, the latest being the makers of Dr. Pepper. Unlike most of the other major metals, aluminum does not occur in its native state, but occurs ubiquitously in the environment as silicates, oxides and hydroxides, in combination with other elements such as sodium and fluoride, and as complexes with organic matter. The coronavirus crisis is causing an aluminum can shortage as lockdowns accelerate demand for packaged food and drinks, The Wall Street Journal reported last … The aluminum conundrum has made a dent in the beer industry, too. Au Canada, en plus de la production d’aluminium de première fusion des alumineries de Baie-Comeau, Deschambault et Bécancour (ABI), Alcoa exploite des usines de transformation qui servent l’industrie de l’aérospatiale, de l’automobile et de la construction. In other words, the demand for aluminum cans is outstripping the available supply. Glencore is also a major player in the world of metals arbitrage — buying commodities at the lowest price possible, then shipping and storing them before selling on a futures contract in hopes of a higher price. Canada is facing an aluminum can shortage and White Claws could be threatened Bad news, Canada; our country is facing an aluminum can shortage, which means that popping into your local liquor store for a White Claw, Mike's Hard Lemonade or beer might prove more difficult in the coming months.