Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
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Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#2The article mentions that aluminum prices have fallen 50% since 2010. However, prices were double historical normal from 2005 to 2011. The price lowering was just a return to normal prices.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#3I'm sure this guy will just get a little slap on the wrist.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#4I'm sure this guy will just get a little slap on the wrist.
Its not clear he's done anything wrong. Shipping Aluminum to Mexico? What's the problem.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#5I'm sure this guy will just get a little slap on the wrist.
Its not clear he's done anything wrong. Shipping Aluminum to Mexico? What's the problem.
It is posited that in fact it is clear - in the article no less!
>In Mexico, Mr. Shen was implementing an audacious plan, according to people familiar with the matter: A network of trading companies could route hundreds of thousands of tons of aluminum from China to Mexico, where a plant would melt it for shipment to the U.S., evading trade restrictions and claiming North American Free Trade Agreement benefits.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#6Earlier quoted context omitted.
Its not clear he's done anything wrong. Shipping Aluminum to Mexico? What's the problem.
It is posited that in fact it is clear - in the article no less! >In Mexico, Mr. Shen was implementing an audacious plan, according to people familiar with the matter: A network of trading companies could route hundreds of thousands of tons of aluminum from China to Mexico, where a plant would melt it for shipment to the U.S., evading trade restrictions and claiming North American Free Trade Agreement benefits.
And why is that a problem, exactly? In the end aluminum is fungible for aluminum, and the US is getting aluminum from Mexico under NAFTA. Trying to enforce a tariff on element production from a subset of external countries seems sisyphean.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#7Earlier quoted context omitted.
Its not clear he's done anything wrong. Shipping Aluminum to Mexico? What's the problem.
It is posited that in fact it is clear - in the article no less! >In Mexico, Mr. Shen was implementing an audacious plan, according to people familiar with the matter: A network of trading companies could route hundreds of thousands of tons of aluminum from China to Mexico, where a plant would melt it for shipment to the U.S., evading trade restrictions and claiming North American Free Trade Agreement benefits.
Does this count as raw metal hacking to disrupt the aluminium industry?
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#8Earlier quoted context omitted.
Its not clear he's done anything wrong. Shipping Aluminum to Mexico? What's the problem.
It is posited that in fact it is clear - in the article no less! >In Mexico, Mr. Shen was implementing an audacious plan, according to people familiar with the matter: A network of trading companies could route hundreds of thousands of tons of aluminum from China to Mexico, where a plant would melt it for shipment to the U.S., evading trade restrictions and claiming North American Free Trade Agreement benefits.
Might as well include
> Meanwhile, setbacks were piling up. Trucks and metal were stolen from the Mexico facility, slowing deliveries, former Aluminicaste employees say. The company failed to obtain Nafta benefits after U.S. authorities concluded that the metal came from China.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#9Earlier quoted context omitted.
It is posited that in fact it is clear - in the article no less! >In Mexico, Mr. Shen was implementing an audacious plan, according to people familiar with the matter: A network of trading companies could route hundreds of thousands of tons of aluminum from China to Mexico, where a plant would melt it for shipment to the U.S., evading trade restrictions and claiming North American Free Trade Agreement benefits.
And why is that a problem, exactly? In the end aluminum is fungible for aluminum, and the US is getting aluminum from Mexico under NAFTA. Trying to enforce a tariff on element production from a subset of external countries seems sisyphean.
If China is greatly subsidizing the aluminum production then then how will US producers compete?
It's in the US's interests that they don't allow another country to manipulate the market to destroy the US production capacity. Once that capacity is online the foreign country can then raise prices.
It's not easy or cheap to bring production capacity online.
Re: Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
#10Earlier quoted context omitted.
It is posited that in fact it is clear - in the article no less! >In Mexico, Mr. Shen was implementing an audacious plan, according to people familiar with the matter: A network of trading companies could route hundreds of thousands of tons of aluminum from China to Mexico, where a plant would melt it for shipment to the U.S., evading trade restrictions and claiming North American Free Trade Agreement benefits.
And why is that a problem, exactly? In the end aluminum is fungible for aluminum, and the US is getting aluminum from Mexico under NAFTA. Trying to enforce a tariff on element production from a subset of external countries seems sisyphean.
> And why is that a problem, exactly?
It says in the article: American companies are being put out of business by heavily-subsidized Chinese companies.
> Trying to enforce a tariff on element production from a subset of external countries seems sisyphean.
Apparently not:
> The company failed to obtain NAFTA benefits after U.S. authorities concluded that the metal came from China.
It helps to read the article you're commenting on ;)