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.
According to Standard & Poor’s Ratings in 2014,
China increased Aluminum production by over 60%.
China has driven global aluminum market prices to a new six year low
On May 1
2015, China’s Ministry of Finance announced it would scrap all export taxes
on bars and rods of primary aluminum and aluminum-alloy starting.
illegal subsidies accounted for four-fifths of the profits reported by Chinese steel companies
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.
President Xi Jinping extended family allegedly have
an 18 percent indirect stake in a rare-earths company with $1.73 billion in assets.
China’s policy of illegally subsidizing its domestic aluminum market is killing American workers and their families.
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.