State control said distorting aluminum market
Mar 19, 2014 | 07:15 PM
| Michael Cowden
CORAL GABLES, Fla. State-owned entities account for a significant amount of global primary aluminum production, leading to market distortions downstream, according to a trade attorney.
State-owned companies dont make decisions based on market forces but insteadparticularly in Chinaprioritize goals such as employment, Robert E. DeFrancesco III, partner at Washington-based law firm Wiley Rein LLP, said March 19 at the Aluminum Extruders Councils annual meeting in Coral Gables.
We see factors at play in their decisions as to investments and expansions in capacity that do not relate in any way to demand forces, he said. This obviously has a distortive effect on trade flows both at the level of production where they are and downstream products.....
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