US Aluminum Production

Greenland Spurns Trump, Signs Major Minerals Deal with Europe

Greenland granted a 30-year permit to Greenland Anorthosite Mining (GAM), a Danish-French consortium, to extract anorthosite, a key component in aluminum production. This follows past interest from the U.S. in acquiring Greenland, though no significant American investment has materialized. The permit aims to create a climate-friendly aluminum alternative, while cooperation with European partners proceeds more rapidly. According to an expert, U.S. interest may focus more on securing long-term resource access, a challenge under current Greenlandic legislation.

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High US Electricity Costs, Not Tariffs, Stifle Aluminum Production

President Trump’s aluminum tariffs, intended to boost domestic production, have instead driven up costs for American consumers and led to smelter closures. The tariffs have increased regional delivery premiums, making aluminum significantly more expensive in the U.S. compared to Europe. This cost increase is passed on to downstream users, resulting in price hikes for products like car cargo boxes. High energy costs, exacerbated by competition from the tech sector, are the primary obstacle to reviving U.S. aluminum smelting.

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