December 21, 2021 – European Aluminium has filed a complaint with the European General Court against the suspension of anti-dumping measures on flat rolled aluminium products. Asian stock markets turn upwards. European stock markets follow suit. Base Metals calm and positive.
European Aluminium appeals against anti-dumping suspension
The association of European aluminium producers, European Aluminium (EA), has filed two complaints with the European General Court on 17 December 2021. The actions are against the nine-month suspension of anti-dumping duties on Chinese aluminium flat rolled products.
The European aluminium producers say the suspension of the trade defence measure is unjustified and that it is having an injurious effect. Among other things, EA cites a strong increase in import volumes of aluminium flat rolled products.
Asian stock markets up, Europeans follow suit
After omicron panic once again swept through the European and us stock markets yesterday, the Asian stock markets shook off this fear today. The Chinese Hang Seng and the Japanese Nikkei 225 Index are both up 1 to 2 percent. The German DAX is currently up about 0.7 per cent and the MDAX is up just under one per cent.
Base Metals calmer and positive
On the LME, nickel and aluminium are up again today. Nickel is up 1% and aluminium is up 0.6%. Copper is also up 0.7%. On the SHFE, copper is also up by about 0.5%. Iron ore prices on the DCE have been rising again for several days and are continuing the trend today. Iron ore futures are up about 2.56%.
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