[SMM Aluminum Flash News] ALFED Launches 2026-2027 Strategic Framework to Strengthen UK Aluminum Industry

Aluminum associations from the United States, Europe, Canada and Japan highlighted OECD data showing that global aluminum-sector subsidies totaled USD118.3 billion during 2005-2024, with China accounting for USD101.4 billion, or 86% of the total. In 2024 alone, China received USD10.2 billion of the sector’s USD11.1 billion global subsidies. Industry groups noted that China’s share of global primary aluminum output has risen from 11% to 61% over the past two decades, with subsidy-supported growth extending into downstream processing and recycling. The associations called for coordinated measures, including import monitoring systems, tariff alignment and potential scrap export restrictions, to strengthen supply-chain security and support fair competition.

The proposed aluminum smelter project in Inola, Oklahoma, has become a major political issue after Attorney General and gubernatorial candidate Gentner Drummond filed a lawsuit seeking to halt the development. Concerns include potential impacts on electricity and water supplies, air quality and foreign ownership involvement. The project has received a USD255 million state incentive package and is viewed by supporters as a strategic investment that could create jobs and strengthen domestic aluminum supply for US manufacturing and defense sectors. Markets believe the project’s future will depend on political, environmental and resource-related considerations as legal proceedings continue.