Environment and Energy
February 10, 2023
CRU Aluminum: Trade Flows, Supply Chains Dominate 2023 Planning
Written by Stephen Williamson
The Covid-19-related shutdowns and subsequent supply chain disruptions emphasized the importance of onshoring. Geopolitical uncertainty, the war in Ukraine, and recent sovereign security issues, have added to global supply chain concerns. In the US, new legislation, the IRA, USMCA, and Build Back Better have focused on securing and bolstering North American manufacturing conditions. The task is to shore up and strengthen domestic supply chains, keeping American products and jobs globally competitive. The potential for new, 200% tariffs on Russian aluminum has been rumored, and the US International Trade Commission examination of sections 232 and 301 is scheduled for mid-March. It is quite clear that trade issues will be top of mind this year.
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