The United States and the United Kingdom have initiated bilateral talks to hash out the future of Section 232 tariffs on steel and aluminium imports into the US, and retaliatory UK tariffs on certain US exports. US Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai and UK Secretary of State for International Trade Anne-Marie […]

European aluminium premiums continued to rise in the week to January 10, pushed up by extended curtailment announcements and surging energy prices across the continent

The company is looking to reduce its carbon emissions by more than 1 million tonnes per year

Concerns about the state of the magnesium market have persisted into 2022 after a volatile 2021 – a year in which consumers had to contend with an acute shortage of material

Market participants expect prices for aluminium scrap and secondary ingot to remain robust in 2022, with demand from the automotive sector anticipated to pick up by the second half of the year. Despite a recent sharp decline in price levels for European secondary ingot DIN226, participants are hopeful that higher levels will return in the […]

Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands. Some steelmakers have already started to implement surcharges for carbon and energy costs, whereas previously production costs have been included in the base prices of the steel […]

China’s focus on slashing carbon emissions will force longer-term changes in western aluminium trading and supply chains in the years ahead

Europe’s planned Carbon Border Adjustment Mechanism (CBAM) will have a big impact on the aluminium sector when it begins to focus on reducing scope 2 emissions, according to the president and chief executive of the Aluminium Association of Canada (AAC). That, in turn, will widen divisions among producers based on which energy sources they use, […]

The low-carbon production of aluminium has remained in the spotlight during COP26, the United Nation’s global climate change conference now under way in Glasgow, but the EU’s carbon border adjustment mechanism (CBAM) remains an afterthought for the European aluminium market. CBAM will make EU importers pay for carbon certificates corresponding to the carbon price that […]

Your simple guide breaking down the complexity of the European CBAM regulations, and the potential impact on global import markets