Fastmarkets, a global leader in commodities price reporting, is excited to announce the launch of a new set of aluminum pricing benchmarks for Mexico, starting in March 2025. These new additions to the Fastmarkets portfolio represent a major stride toward enhanced transparency in an ever-evolving market. The suite of new price assessments include pricing for the P1020 premium, the low-carbon P1020 differential and the billet premium, all assessed on a CIF (cost, insurance and freight) Mexico basis, including the country’s main ports.
Fastmarkets is the only IOSCO-compliant Price-Reporting Agency (PRA) offering a comprehensive suite of aluminium premiums in Mexico. This compliance reflects a commitment to rigorous standards in methodology and transparency, solidifying Fastmarkets as a trusted and dependable resource for market participants worldwide. It is also the first to introduce low-carbon aluminium pricing to the Mexican market. With a deep understanding of the metals markets and decades of trusted expertise, Fastmarkets is uniquely positioned to anticipate and meet the needs of market participants, offering insights necessary to identify emerging trends and provide timely solutions.
“Aluminium is a key raw material for Mexico’s booming automotive and construction sectors, yet the country imports all of its primary aluminium. These new price assessments will introduce much-needed clarity and structure to this dynamic market,” said Grace Asenov, Fastmarkets regional editor, base and energy metals. “The introduction of low-carbon pricing also reinforces our global commitment to sustainability across metals.”
This launch is driven by two key factors shaping the aluminium trade in Mexico today:
- Market demand: Research and engagement led by Fastmarkets revealed a strong call from industry stakeholders for greater transparency and references in aluminium pricing.
- Changing trade dynamics: Recent developments such as US tariffs on aluminium imports and Mexico’s diverse sourcing landscape spanning the US, India, the Middle East, Africa and Canada, among others, present an urgent need for accurate pricing tools.
According to data from the Mexican government, 72.7% of Mexico’s unwrought aluminium exports were sent to the United States in 2023. Additionally, the US International Trade Administration (ITA) reports that between January 2024 and January 2025, Mexico ranked as the eighth-largest supplier of unwrought aluminium to the US. During this period, Mexico exported 26,507.29 tonnes, contributing to the total 4,025,293.13 tonnes imported by the US.
“The US-Mexico total trade in 2024 alone is north of $500 billion per year. Given its strategic importance, greater clarity over the price paid for goods and services imported from Mexico is extremely important. In light of the ongoing tariff uncertainty, a trusted benchmark and fair assessment makes a great difference when it comes to business negotiations,” said Fastmarkets senior analyst Andy Farida.
Key benefits of Fastmarkets’ Mexican low-carbon aluminium pricing:
- Brings structure and transparency to a growing, underserved market: Interest in sustainable aluminium is increasing in North America as consumers and industries focus on reducing carbon emissions. High demand for sustainable aluminium is seen in packaging and automotive sectors, where sustainability is a key priority.
- Introducing low-carbon pricing to promote sustainability: Businesses embracing green practices can unlock substantial market growth and gain a competitive edge. The importance of low-carbon aluminium pricing—through differentials and premiums—continues to grow. These tools provide valuable benchmarks for the market and play a crucial role in educating the industry about the benefits of green aluminium.
- Leverages Fastmarkets’ existing global aluminium benchmarks and expertise: Fastmarkets has tracked this market since launching two low-carbon aluminium differentials for the US in 2023, following earlier launches in Asia and Europe in 2021.
This launch emphasizes Fastmarkets’ dedication to providing innovative, customer-centric solutions for the metals market. By establishing a reliable pricing standard for aluminium in Mexico, Fastmarkets helps businesses tackle trade complexities, optimize risk, and capitalize on emerging opportunities.
For more information and to see the specifications of the primary aluminium premiums in Mexico, visit Fastmarkets.
Email media@fastmarkets.com to connect with the team and find out how Fastmarkets can help you.
