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"US aluminum producersPresident Trump has imposed a 10% tariff on aluminum imports. He imposed the tariff based on recommendations from the Department of Commerce’s Section 232 investigation. There’s a 25% tariff has on steel imports as well. The Section 232 probe was initiated last year to find out whether aluminum imports threaten US national security. A similar probe was ordered into steel imports.Aluminum tariffsThe tariffs are higher than what the Department of Commerce recommended. Initially, President Trump indicated that there wouldn’t be any country-wise exemptions. However, Mexico and Canada have been left out of the Section 232 tariffs. Australia also managed to get an exemption. President Trump has left the door open for more exemptions in the future.\n\nPreviously, Alcoa (AA) requested that President Trump reconsider the tariffs. Alcoa, like Rio Tinto (RIO), has a smelter in Canada. Century Aluminum (CENX) thinks that the tariffs are positive. Century Aluminum has announced a smelter restart. In contrast, Norsk Hydro (NHYDY) thinks that US tariffs are negative. Investors who want to avoid the hassle of picking individual stocks could consider the SPDR S&P Metals and Mining ETF (XME). XME seeks to build a portfolio of US-based metal and mining companies.Series overviewIn this series, we’ll discuss analysts’ view on US aluminum producers after the Section 232 tariffs. We’ll also see how brokerages changed their view on aluminum stocks. First, we’ll discuss the recent trend in aluminum prices."
<https://marketrealist.com/2018/03/us-aluminum-producers-after-section-232-tariffs/>