LME Aluminum to Trade in Tight Range (2017-5-2)

[SMM Aluminum Express News] Vietnam proposes lowering aluminum export tariff framework to 0–30% to support domestic producers. Vietnam's Ministry of Finance has proposed revising the export tariff framework for three aluminum product categories, reducing the permitted range from 5–40% to 0–30%. The proposal covers unwrought aluminum (HS 7601), aluminum powders and flakes (HS 7603), and aluminum bars, rods and profiles (HS 7604). The revision is intended to ease export restrictions and improve the competitiveness of Vietnam's emerging aluminum industry.

[SMM Aluminum Express News] Speira inaugurates €40 million aluminum recycling furnace in Germany, adding 60,000 mt/year of capacity. European aluminum rolling and recycling producer Speira inaugurated a new recycling furnace at its Rheinwerk facility in Neuss, Germany, on October 8. The €40 million investment adds approximately 60,000 mt/year of aluminum recycling capacity and includes upgrades to one of the facility's four casting lines, alongside additional storage capacity for 6,500 mt of used beverage-can scrap. The furnace is also hydrogen-ready, allowing future conversion once the site gains access to hydrogen infrastructure.