Rio Tinto names Jerome Pecresse as new aluminum CEO, eyes low-carbon future

The WTO ruling, issued earlier this month, “really challenges the integrity of the system,” Trade Representative Katherine Tai said.

China's aluminum imports in November fell 35.7% from a year earlier as a result of mounting domestic supply.

Global supplies of low-carbon aluminum have been robust for several years but dipped in 2022.

About half of Europe's aluminum production has been shut down as a result of a surge in energy costs since Russia's invasion of Ukraine.

The Carbon Border Adjustment Mechanism will cover carbon-intensive sectors such as cement, steel, aluminum fertilizers and electricity production and hydrogen.

The 25% tariffs on global steel imports and 10% import taxes on global aluminum violated basic WTO rules, a dispute-settlement panel said Friday.

Such a ruling, which has yet to be confirmed by the WTO, would undermine one of Trump’s most controversial trade decisions.

Countries with emissions exceeding the standards would pay higher tariffs when exporting metals to countries with lower emissions.

China’s steel and aluminum exports are under attack once again, as the US and European Union weigh new tariffs linked to carbon emissions.