Europe Sees Flood of Canadian Aluminum as US Tariffs Bite
Aluminum billets at a Rio Tinto facility in Saguenay, Quebec, in 2018.
Photographer: Christinne Muschi/BloombergAluminum producers in Quebec are sending more of the metal used to make cans and car parts to Europe as US tariffs make their shipments more expensive for American customers.
The US market accounted for 78% of aluminum exports from the Canadian province in the second quarter versus 95% in the first quarter. Europe’s share rose to 18% from just 0.2%, according to S&P Global Market Intelligence.