Alcoa’s latest toll from tariffs is about six times more than in the first quarter, when the Pittsburgh-based firm said the levies had cost it an additional $20 million.
Under the MSP Act, the U.S. would coordinate with partner governments and financial institutions to make "responsible" investments in mineral supply chains at every stage.
Magnet shipments from the MP Materials facility in Fort Worth, Texas are expected to begin in 2027 and ramp up to support hundreds of millions of Apple devices.
Chief financial officer Eva Scherer said logistics companies have cut back on truck purchases amid a drop in shipments of tariff-hit goods such as steel and aluminum.
The latest supply-chain news, analysis, trends and tools for executives in the industrial manufacturing industry. Learn how industrial manufacturing companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.