President Trump’s $1.1 trillion budget blueprint released Thursday proposes dramatic cuts to the State Department and the Environmental Protection Agency while seeking billions more for defense issues and $1.5 billion for the president’s proposed U.S.-Mexico border wall. No word yet on anything resembling an infrastructure bill.
Aluminum Will Show the Way
Noted trade attorney Alan Price, of the Washington law firm Wiley Rein, said the World Trade Organization case that the federal government filed in January on behalf of aluminum producers will essentially serve as a guide for other industries looking to challenge state-subsidized companies’ overproduction for export in the People’s Republic. Show us the way, aluminum!
Goodbye to 2025 Auto Emissions Targets?
The leaders of the Environmental Protection Agency and Department of Transportation said this week that they will revisit Obama-era corporate average fuel economy standards for greenhouse gas emissions for 2022 to 2025 model cars and light trucks, a win for automakers that said the standards were too tough to meet — and the metals companies in their supply chains.
Iron Ore Prices? Yeah, They’re Not Going Down
In 2016, analysts were queued up to predict the iron ore price was going to collapse only for it continue its relentless rise. The recent pull back from $90 per metric ton has brought a fresh crop of dire predictions — don’t listen to them. The steel element has more room to rise.