Amendment to frequency and timing window of US low-carbon aluminium differentials: pricing notice

The first amendment decreases the differentials’ publishing frequency to once monthly from once weekly. Both differentials will be next assessed on January 3, 2025, and on the first Friday of each month thereafter. The monthly frequency matches Fastmarkets’ low-carbon aluminium differentials in other regions and better reflects current market liquidity. No feedback was received during the consultation period, which began on November 21.

The second amendment extends the timing window to include any transaction data concluded within up to 18 months, from three months previously. The extension of the timing window will allow for an inclusive approach to an evolving low-carbon marketplace, allowing Fastmarkets to capture all reported transaction data under one robust differential. No negative feedback was received during the consultation period.  

The new specifications for the differentials will be as follows (changes in italics):

MB-AL-0389 Aluminium low-carbon differential P1020A, US Midwest, US cents/lb
Carbon limit: 4tCO2e per tonne of aluminium produced, Scope 1 and 2 emissions.
Quality: P1020A or 99.7% minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot, T-bar, sow
Quantity: Min 100 tonnes
Location: Delivered consumer works Midwest, differential on top of P1020A premium and exchange-listed aluminum price.
Unit: US cents per pound
Timing: Up to 18 months
Publication: Monthly, first Friday of the month, 3-4pm London time.

MB-AL-0390 Aluminium low-carbon differential value-added product, US Midwest, US cents/lb
Carbon limit: 4tCO2e per tonne of aluminium produced, Scope 1 and 2 emissions.
Type: Extrusion billet, primary foundry alloy, wire rod, slab
Quantity: Min 100 tonnes
Location: Delivered into US Midwest region, differential on top of value-added product premium and exchange-listed aluminum price
Unit: US cents per pound
Timing: Up to 18 months
Publication: Monthly, first Friday of the month, 3-4pm London time.

These prices are a part of the Fastmarkets base metals package.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Yasemin Esmen by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Yasemin Esmen, re: US low-carbon aluminium differentials.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.