Century Applauds Biden Administration for Actions to Address Unfair Trade from Mexico
10 Luglio 2024 - 10:30PM
Century Aluminum applauds the Administration’s decision to toughen
the rules on aluminum imports from Mexico. The introduction of the
“smelted and cast” provision is an important first step in curbing
aluminum transshipments and unfair trade from 3rd party countries
entering through Mexico. Going forward, aluminum that was
smelted and cast in Russia, China, Iran and Belarus and converted
into products in Mexico will be subject to the 10% Section 232
duty.
“We are thankful for President Biden’s continued support for the
domestic aluminum industry. Aluminum is a key enabler of the green
energy transition and a critical material for emerging green
industries and our national defense. Today’s decision helps protect
the industry and American workers,” said CEO Jesse Gary.
The United States continues to experience a surge of imports
from Mexico at below market value. Earlier this year the
Department of Commerce and US International Trade Commission
imposed antidumping and countervailing duties on aluminum
extrusions from Mexico, which are critically important. However,
Mexico continues to receive primary metal imports from non-tariffed
3rd party countries beyond the four in the scope of today’s
proclamation.
“Today was a positive first step and we will continue to fight
for a level playing field,” Gary said.
About Century Aluminum Company
Century Aluminum is an integrated producer of bauxite, alumina,
and primary aluminum products. Century is the largest domestic
producer of primary aluminum in the United States and also operates
production facilities in Iceland, the Netherlands and Jamaica.
Visit www.centuryaluminum.com for more
information.
Cautionary Statement
This press release and statements made by Century Aluminum
Company management contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
which are subject to the "safe harbor" created by section 27A of
the Securities Act of 1933, as amended (the "Securities Act"), and
section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). Forward-looking statements are statements about
future events and are based on our current expectations. These
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"plan," "seek," "estimate," "potential," "project," "scheduled,"
"forecast" or words of similar meaning, or future or conditional
verbs such as "will," "would," "should," "could," "might," or
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Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our forward-looking
statements are based on current expectations and assumptions that
are subject to risks and uncertainties which may cause actual
results to differ materially from future results expressed,
projected or implied by those forward-looking statements. Important
factors that could cause actual results and events to differ from
those described in such forward-looking statements can be found in
the risk factors and forward-looking statements cautionary language
contained in our Annual Report on Form 10-K, our Quarterly Reports
on Form 10-Q and in other filings made with the Securities and
Exchange Commission. Although we have attempted to identify those
material factors that could cause actual results or events to
differ from those described in such forward-looking statements,
there may be other factors that could cause actual results or
events to differ from those anticipated, estimated or intended.
Many of these factors are beyond our ability to control or predict.
Given these uncertainties, the reader is cautioned not to place
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or otherwise.
ContactRyan
Crawford312-696-3132Source: Century Aluminum Company
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