Aluminium deficit leads Ta Chen to spend $1 bln in US

Ta Chen International (TCI) will invest $1 billion in the aluminium market in the United States in response to a growing supply deficit, the company’s top executive said.

The master distributor, a subsidiary of Taiwan’s Ta Chen Stainless Pipe, plans to bring new material online to help mitigate a “huge supply deficit” in the US stemming from multiple trade cases that have led to vast uncertainty in the market, TCI president Johnny Hsieh told American Metal Market. Aluminium producer Century Aluminum Co has estimated a global primary aluminium supply deficit of nearly 1.19 million tonnes for this year, the company said in a first-quarter earnings slide presentation on Thursday May 3. Some of the recently announced US trade cases, including Section 301 and Section 232, “came down way too fast and consecutively, with really no time for domestic mills to [add] any capacity. Nor do domestic mills seem inclined to make any significant...

Published

Millicent Dent

May 17, 2018

03:03 GMT

New York