{
  "id": 15635306,
  "title": "Metlen chairman warns EU losing strategic aluminium to U.S. tariff gap",
  "url": "https://urgent.news/2026/10/19/metlen-chairman-warns-eu-losing-strategic-aluminium-to-u-s-tariff-gap",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T17:40:09.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/metlen-chairman-warns-eu-losing-strategic-aluminium-to-us-tariff-gap-4958113"
  },
  "original_language": "en",
  "account": "The executive chairman of Metlen Energy & Metals has cautioned that Europe is losing crucial strategic raw materials to the United States due to discrepancies in U.S. tariff policy as the continent seeks to boost recycling efforts. Evangelos Mytilineos, speaking on CNBC’s Squawk Box Europe, highlighted a 243% surge in European aluminium scrap exports to the US, attributing this to a tariff system that imposes a 50% duty on primary aluminium imports while levying no tariff on scrap. He emphasized that Europe cannot maintain industrial competitiveness while allowing essential resources for its industry to flow to other regions. Mytilineos noted that despite Europe's aim to decarbonise and enhance recycling, the continent is inadvertently facilitating a flow of a vital strategic raw material out of the continent. He stressed that the United States applies a 50% tariff on primary aluminium while refraining from imposing any tariff on scrap, resulting in a notable 243% increase in European aluminium scrap exports to the US. Mytilineos further argued that Europe's economic framework has been built on affordable energy, substantial export markets, and U.S. security guarantees, which he suggested are no longer guaranteed. Metlen, which re-listed its primary operations on the London Stock Exchange in 2025 and operates the largest vertically integrated bauxite-alumina-aluminium chain in Europe, is also venturing into critical raw materials, including initiating the first gallium production in Europe.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}