Uncertainty about the availability and
price of aluminum foil used for packaging applications, in response to the antidumping duty (AD) and countervailing duty (CVD) investigations led by the U.S. Department of Commerce, is prompting CPG companies and converters to consider alternative substrates and creative solutions.
Ford Motor is boosting the
base prices of the aluminum - body 2105 F - 150 pickup $ 395 to $ 3,515, while trimming the price of the popular 3.5 - liter EcoBoost V - 6 and adding more standard features.
Vivienne Lloyd, commodities strategist at Macquarie Group, speaks about the impact of sanctions on Russia for
the price of aluminum.
Other issues: Investors should keep an eye on Alcoa's estimate for global aluminum demand growth, since
the prices of aluminum and Alcoa's stock tend to move together.
The Trump administration took unusual action against what it said were unfair Chinese trade practices on Tuesday, dusting off a weapon last used in 1991 and announcing two investigations into
the pricing of aluminum products imported into the U.S.
Cuomo noted this morning that
the price of aluminum has dropped, a key factor in Alcoa's earlier decision to dramatically downsize in Massena.
If
the price of aluminum rises before the 3 1/2 years is up, then the benefits will decrease, Cuomo said.
If
the price of aluminum continues to drop, «We will be back,» the senator said.
When the tabs are delivered to the RMH, the organization holds them until
the price of aluminum is up.