Aluminium associations call for G7 action on subsidized overcapacity

Four major aluminium associations have called on Group of Seven (G7) leaders to take action on unfairly subsidized overcapacity and other market-distorting behavior that undermines the sustainable growth of the aluminum industry.

The letter to the G7, signed by the heads of the aluminium associations of the United States, Canada, Europe and Japan, called on global political leaders to move toward a more multilateral approach to resolving the issue of subsidies that they argue has led to smelting overcapacity, particularly in China.

A January 2019 report by the Organisation for Economic Co-operation and Development (OECD) documented massive subsidies for Chinese aluminium producers, with 85% of the $70 billion in total government support cited in the study...

Published

Andrea Hotter

July 26, 2019

03:38 GMT

New York