Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert

Two years ago, a California aluminum executive commissioned a pilot to fly over the Mexican town of San José Iturbide, at the foot of the Sierra Gorda mountains, and snap aerial photos of a remote desert factory.

He made a startling discovery. Nearly one million metric tons of aluminum sat neatly stacked behind a fortress of barbed-wire fences. The stockpile, worth some $2 billion and representing roughly 6% of the world’s total inventory—enough to churn out 2.2 million Ford F-150s or 77 billion beer cans—quickly became an obsession for the U.S. aluminum industry.

Now it is a new source of tension in U.S.-Chinese trade relations.

h/t Marvin

  • Alain

    It is rather late to be talking about “tensions” in the US-Chinese or Canada-Chinese trade relations when the majority of jobs have already been outsourced to China.

    • That Cat is out of the bag.

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  • xavier

    What’s the purpose of the stockpiling? Want to reduce tensions. Stop buying from China; stop transferring your factories there and tell the nomenkaltura that they’re now on their own to grow prosperity

  • Norman_In_New_York

    Tensions in trade relations only if Trump is elected. Obama and Hillary will continue to kowtow.