Amrith Ramkumar

speaker

860 appearances 16 recordings 1 series first heard May 2018 last heard Sep 2021

Amrith Ramkumar’s voice in public audio — every appearance, attributed to the second.

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Appearances

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WSJ Your Money Briefing · Sanctions on Russian Aluminum Spook Market · 8 May 2018 podcast

If we look globally, aluminum supply is dominated by China. voice-verified

But the company you mentioned, United Co. voice-verified

Russell, they supply, analysts estimate, about 13% of all production outside of China. voice-verified

So in Europe, in the U.S., like you're saying, this is... voice-verified

a huge chunk of global supplies. voice-verified

And when they were announced on April 6th, the biggest thing is that they caught a lot of people off guard. voice-verified

So with U.S. voice-verified

tariffs, for example, on steel and aluminum, that was something that had been batted around for a while. voice-verified

And so when they were announced, there wasn't as sharp of a reaction. voice-verified

But when this happened, the market was really thrown into chaos. voice-verified

And talking to everyone from traders, investors, the companies that use this stuff, voice-verified

Everyone is still really reeling from it and kind of the fallout because the U.S. voice-verified

reversed course about two weeks later. voice-verified

So people are still really on edge, and this has been going on for about a month now. voice-verified

Absolutely, yeah. voice-verified

And you mentioned the biggest companies, but others, including Whirlpool and Harley-Davidson, they're really struggling because they don't really know where prices are going next. voice-verified

So you mentioned that six and a half year high for aluminum was at about $2,700 a metric ton, and it rose about 35% in two weeks. voice-verified

So if you think about that- In two weeks? voice-verified

Yes, in less than two weeks. voice-verified

So if that's one of your core input costs, then you probably have to hedge against a further rise and you have to really take- voice-verified

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