Aluminium, FACE: “1.8 billion extra costs, European industry at breaking point”
FACE has raised concerns over the growing impact of import tariffs on unwrought aluminium on European industry. With LME prices approaching €4,000 per tonne, the additional burden on the European downstream sector could reach up to €1.8 billion per year.
According to Mario Conserva, Secretary General of FACE, maintaining duties on a raw material for which Europe imports more than 85% of its needs represents a major competitive disadvantage, now worsened by geopolitical tensions, high energy costs and growing scrap exports outside the EU.
FACE calls for an immediate change of course: removing duties on unwrought aluminium is an essential step to strengthen competitiveness, industrial resilience and the security of the European supply chain.
The full article published by Il Messaggero is available here.
