Geopolitics Alpha

AMU: Aluminum Association urges tariff harmonization with Canada, Mexico

Published . Updated .

Key takeaways

  • The Aluminum Association is pushing for tariff rates to be aligned in Canada, the US and Mexico.
  • Exposed: PICK, XME, XLI, EWC, EWW
  • Market reaction: price tracking starts with the next trading session.

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AMU: Aluminum Association urges tariff harmonization with Canada, Mexico

The Aluminum Association is pushing for tariff rates to be aligned in Canada, the US and Mexico.

Directly affected

  • No company is named in this report.

Indirectly affected

  • PICK iShares MSCI Global Metals & Mining Producers ETF-8.1% 30d

    iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story.

  • XME SPDR S&P Metals & Mining ETF-7.3% 30d

    SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story.

  • XLI Industrial Select Sector SPDR-0.3% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • EWC iShares MSCI Canada ETF+0.9% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • EWW iShares MSCI Mexico ETF+0.8% 6d

    iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexico”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada

  • CAT Caterpillar-32.6% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
PICK+2.61%+3.13%baseafter closeafter closeafter closeafter close
XME+4.46%+2.47%baseafter closeafter closeafter closeafter close
XLI+4.34%+4.15%baseafter closeafter closeafter closeafter close
EWC+1.43%+3.07%baseafter closeafter closeafter closeafter close
EWW-1.08%-0.49%baseafter closeafter closeafter closeafter close
BWX-0.16%+0.37%baseafter closeafter closeafter closeafter close
EFA+1.79%+3.78%baseafter closeafter closeafter closeafter close
CAT+9.84%+5.82%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

AMU: Aluminum Association urges tariff harmonization with Canada, Mexico Steel Market Update

Source: Steel Market Update

Price since this story was published: Ishares Msci Global Metals & Mining (PICK)

CompanyWhenMoveStatus
BWXthree days earlier+0.37%final price
BWXfive days earlier-0.16%final price
Caterpillar (CAT)three days earlier+5.82%final price
Caterpillar (CAT)five days earlier+9.84%final price
EFAthree days earlier+3.78%final price
EFAfive days earlier+1.79%final price
Ishares Msci Canada Etf (EWC)three days earlier+3.07%final price
Ishares Msci Canada Etf (EWC)five days earlier+1.43%final price
Ishares (EWW)three days earlier-0.49%final price
Ishares (EWW)five days earlier-1.08%final price
Ishares Msci Global Metals & Mining (PICK)three days earlier+3.13%final price
Ishares Msci Global Metals & Mining (PICK)five days earlier+2.61%final price
Select Sector Spdr Tr (XLI)three days earlier+4.15%final price
Select Sector Spdr Tr (XLI)five days earlier+4.34%final price
Spdr Series Trust (XME)three days earlier+2.47%final price
Spdr Series Trust (XME)five days earlier+4.46%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Msci Global Metals & Mining (PICK)

Companies carried with this story

  • PICK Ishares Msci Global Metals & Mining

    In “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico,” Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story

  • XME Spdr Series Trust

    Spdr Series Trust (XME) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico.” Reason on file: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story

  • XLI Select Sector Spdr Tr

    Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • EWC Ishares Msci Canada Etf

    In “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)

  • EWW Ishares

    In “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico,” Ishares (EWW) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexico”)

  • CAT Caterpillar

    In “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • FCX Freeport-Mcmoran

    Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico.” Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story

  • BHP BHP Group

    For “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico,” BHP Group (BHP) is linked, with no stored direction, medium confidence. Reason on file: BHP Group (metal mining): miners' profits move with metal prices. Linked by “aluminum” (metals & mining) in this story

Ishares Msci Global Metals & Mining (PICK)

Ishares Msci Global Metals & Mining (PICK) is the company in “AMU: Aluminum Association urges tariff harmonization with Canada, Mexico,” the 6 Nov 2026 this story story.

For Ishares Msci Global Metals & Mining (PICK), the reason on file says iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story

Also listed, Spdr Series Trust (XME): SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “aluminum” (metals & mining) in this story

The price range for Ishares Msci Global Metals & Mining (PICK), and the dates in the story

PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73. XME traded between 95.15 and 109.02 across 20 sessions. The latest close on file is 97.66.

What the saved facts support for Ishares Msci Global Metals & Mining (PICK)

54 out of 100

“AMU: Aluminum Association urges tariff harmonization with Canada, Mexico” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.