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    CRU aluminum: Trade continues to be hot topic

    Written by Marziyeh Horeh


    Mexico to remove the import tariffs on 76011002 and 76012002

    The Mexican federal government backed down on the application of tariffs on raw non-alloyed and alloyed aluminum decreed on April 22. Through a decree published on Wednesday, May 8, in the Official Gazette of the Federation (DOF), the Ministry of Economy (SE) eliminated the application of tariffs to fractions 7601.10.02 and 7601.20.02, as well as the tariff corresponding to sulphate of ammonium. The elimination of tariffs applies as of May 9, in accordance with the provision.

    Marziyeh Horeh

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    AMU: Edward Meir’s week in review and thoughts for the week of Oct. 12, 2026

    Base metals had a mixed week. Tin lost almost 4% on the week, finishing at $53,000/ton. Prices dropped to a low of $51,259/ton at one point. Aluminum was another loser, off by about 1.6% on the week. Investors are expecting more aluminum supply going forward, especially out of China and Indonesia. Copper prices tacked on 1.1%. They have now recovered more than half of the $700/ton loss sustained (over the course of a week) following reports/rumors in mid-September that US tariffs on refined copper imports might not proceed after all.