Commodities

Emirates Global Boosts Aluminum Sales to US Amid Tight Market

Emirates Global Aluminium CFO Pål Kildemo spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche.Source: Bloomberg

Emirates Global Aluminium, the United Arab Emirates’ top producer of the metal, is boosting shipments to the US despite stiff tariffs, as growing shortages drive American prices to levels that offset the levies.

President Donald Trump last year doubled tariffs on aluminum imports to 50%, a move that prompted producers in Canada and elsewhere to divert supplies away from the US market. With US demand for the metal used in cans, cars and cabling holding strong, the shortfalls forced American manufacturers into a bidding war to find alternative supplies.