China Zhongwang Holdings Ltd., founded by Liu Zhongtian, was forced to delist from the Hong Kong Stock Exchange on April 13. Liu was a 14-year-old school dropout from rural China who borrowed 200 yuan (approx. $29) to start a business and eventually became known as Asia’s “aluminum tycoon.” He was the wealthiest man in Northeast China at…
Kentucky Aluminum Mill Laid Off Hundreds of Workers Due to ‘Untenable’ Energy Prices
Century Aluminum, the largest producer of primary aluminum in America, laid off hundreds of workers due to business inactivity at one of its plants, a decision CEO Jesse Gary attributed to rising energy prices. Layoffs at Century’s Hawesville plant in Kentucky were announced by the company in a June 22 press release. The plant will…
Kentucky Aluminum Mill Lays Off Hundreds of Workers Due to ‘Untenable’ Energy Prices
Century Aluminum, the largest producer of primary aluminum in the United States, laid off hundreds of workers due to business inactivity at one of its plants, a decision that CEO Jesse Gary attributed to rising energy prices. Layoffs at Century’s Hawesville plant in Kentucky were announced by the company in a June 22 statement. The plant…
New US-UK Trade Accord Rolls Back Trump-Era Tariffs
March 22, 2022
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The United States and Britain struck a trade deal on Tuesday to lift American tariffs on British steel and aluminum, while the U.K. will remove levies on U.S. motorcycles, whiskey, and tobacco. Britain will be able to ship “historically-based sustainable volumes” of steel and aluminum goods to the United States starting June 1 without tariffs…
Biden to Keep Tariffs on Aluminum Imports From UAE, Reversing Trump’s Policy
President Joe Biden has issued a proclamation maintaining a 10 percent tariff rate on aluminum imports from the United Arab Emirates (UAE), reversing former President Donald Trump’s move to end the levies on his last day as president. Biden’s Feb. 1 proclamation argues for keeping the tariffs on grounds of national security. “The available evidence indicates…
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