The collapse in the metal industry is a global phenomenon.
And there are signs that the UK is not alone.
In December, aluminium prices dropped by almost 20% on the back of a global slump.
It is not just a matter of manufacturing capacity, either.
The UK’s metal industry has also been hit hard by the global economic slowdown.
Last year, the government announced a new levy on aluminium imports.
It has also reduced the number of jobs available to workers in the sector.
A recent study by the University of Sheffield found that the number the industry could employ had fallen by 20% in the past three years.
The industry is also seeing its output fall.
According to the International Metal Industry Association (IMIA), the UK aluminium industry lost a total of 3,800 jobs in 2016-17.
This is more than the entire industry lost during the Great Recession.
Imma call on the government to impose a tax on the industry to fund a massive investment in job creation and job-creating infrastructure.
This would be a sensible measure given the industry’s recent record and the potential for it to bounce back.
But the government is failing to recognise the full extent of the impact of the global downturn on the aluminium industry.
In the past year, we have seen a dramatic drop in demand for aluminium and a sharp increase in demand from China.
These factors mean that the industry is facing a potential $1bn+ loss.
That is a huge blow for the industry and a serious blow for Britain.
In a country that exports almost half of its aluminium, a sharp drop in aluminium production and export would be an enormous blow for our economy and a huge financial blow for us.
Immediate action is required to save the industry from further disruption.
As well as the economic impact of a drop in the value of the pound, the Government needs to address the growing financial and social impact of aluminium exports.
Imposing a levy on the UK imports would not only force the industry back to the drawing board but would also have a devastating impact on our export market.
It would have a major knock-on effect on our manufacturers, who are struggling to cope with the loss of their supply chains.
The government should not be able to claim that it is simply looking out for its own interests.
We are all responsible for our own well-being.
We need to get the message out about the dire situation facing the UK industry.