Trump Launches Incentive Program to Boost Aluminum Production

U.S. President Donald Trump has taken a series of steps to increase aluminum production capacity and reduce the defense industry's reliance on foreign suppliers. The White House announced that Trump signed a declaration allowing the establishment of an incentive program for companies investing in aluminum smelting facilities. Authority for the program's creation was granted to the U.S. Secretary of Commerce. Additionally, a further decision was made to readjust aluminum imports, although no details were provided regarding the scope of the regulation. These steps are said to aim at increasing domestic aluminum production and reducing dependence on external sources. Aluminum is heavily used in the defense, aerospace, automotive, energy, and construction sectors. Trump also signed a presidential decree that makes it more difficult for defense companies to obtain exemptions for banned foreign critical minerals. This decision requires contractors to evaluate alternatives produced in the U.S. The White House indicated that defense companies unable to find reliable sources may face the risk of losing public contracts. The Trump administration's decisions in the economic and defense sectors were announced concurrently with ongoing tensions with Iran. A U.S. official stated that contacts between Washington and Tehran are ongoing and negotiations continue.

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