The U.S. Aluminum market is responsible for over 10,600 American jobs and contributes over $6 billion in U.S. economic output each year.
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According to Standard & Poor’s Ratings in 2014, China increased Aluminum production by over 60%.
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In 2015, China has driven global aluminum market prices to a new six year low.
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On May 1st 2015, China’s Ministry of Finance announced it would scrap all export taxes on bars and rods of primary aluminum and aluminum-alloy starting.
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In 2014, illegal subsidies accounted for four-fifths of the profits reported by Chinese steel companies
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Chinese aluminum State-Owned Enterprise (SOE) producers receive an array of illegal subsidies, such as direct grants, interest free loans, low cost state owned land and preferential regulatory treatment.
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President Xi Jinping extended family allegedly have an 18 percent indirect stake in a rare-earths company with $1.73 billion in assets.
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China’s policy of illegally subsidizing its domestic aluminum market is killing American workers and their families.
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In 2015, multiple U.S. aluminum smelters have been forced to close as a result of Chinese market manipulation, resulting in the loss of thousands of American jobs.
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