China to be net aluminum importer – Rio Tinto Alcan CEO

Canada announced last week it would impose 100% tariffs on Chinese-made EVs effective October 1.

The flick higher on Friday ends five days of losses amid torrid conditions in China’s steel market.

The company decided not to pay a final dividend for 2022 and did not pay for 2023.

The departures came after global prices of the key steel-making ingredient tumbled almost 40%.