Abstract: the framework recommendations call on policy makers to take a series of specific actions to maintain the short-term and long-term stable operation of the aluminum industry, including capital project allocations, credit insurance schemes, tax incentives, defense spending and other actions.
On March 19th, Alcoa issued a framework proposal for policy makers and relevant agencies to provide industry advice on economic stimulus and other plans for policy makers and related institutions in response to the COVID-19 epidemic. The document, entitled "American Aluminum Industry: vital to the Nation", stresses the importance of the production, manufacturing and recycling of the US aluminum industry and calls for a number of measures to support the development of the aluminum industry in the current public health crisis.
Aluminum has long been an important mineral, and both the Commerce Department and the Department of Defense acknowledge that the domestic aluminum industry is "critical to national security, especially in the event of accidents or protracted conflicts or national emergencies," the proposal states. " The aluminum industry produces and provides many materials and products that were essential during the public health crisis, including medical supplies, construction materials, transport equipment and food and beverage packaging. Therefore, when the state, local and federal governments consider any forthcoming or ongoing protective programs, the aluminum industry should be considered a "necessary" area.
Tom Dobbins, chairman and CEO of Alcoa, said: "Aluminium offers a lot of products that are critical to the country in the coming weeks and months. From building materials for emergency facilities and critical infrastructure to antimicrobial medical equipment to the packaging of food, beverages, sanitation and other products, aluminum is a key product of any disaster relief effort. We ask federal, state and local authorities to provide clear guidance to ensure that the industry is not affected by any disruption to the supply chain. "
In addition, the framework recommendations call on policy makers to take a series of specific actions to maintain the stable operation of the aluminum industry in the near and long term, including capital project allocations, credit insurance schemes, tax incentives, defence spending and other actions.
"in this challenging time, it is important for all of us to work together to support the vital American manufacturing sector," Tom Dobbins said. "COVID-19 is a unique but conquerable threat and we look forward to doing our part to help."
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