Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce has deferred the effective date to implement the Aluminum Imports Monitoring (AIM) system to Mar 29.

 

The final AIM rule was to go into effect on Jan 25, but the agency said in a notification on Jan 22 that it was postponing this date to not only receive additional comments on the rule but to also give the incoming Biden administration a chance to review the final rule. The notification has also extended the date of receiving comments on the final rule to Feb 26.

 

The final rule of the AIM system was released by Commerce on December 23, 2020, in a bid to strengthen trade policies surrounding aluminum imports. The rule requires all aluminum importers, traders, and brokers to apply for licenses to ship certain aluminum products into the US. Earlier this month, the International Scrap Recycling Institute (ISRI) clarified that the import of aluminum scrap would not be subjected to this rule.

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