China will expand its national emissions trading system (ETS) to new sectors and introduce absolute carbon caps under an updated climate plan submitted to the UN Framework Convention on Climate Change (UNFCCC) on Monday November 3.

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The European Commission has confirmed that indirect emissions will not be included for metals products under the upcoming Carbon Border Adjustment Mechanism (CBAM), while pre-consumer scrap is to become a standalone CBAM product, EU Commission representative Martin Becker said during the European Roundtable on Climate Change and Sustainable Transition (ERCST) webinar on Thursday October 30.

The United Nations Framework Convention on Climate Change (UNFCC) has approved its first methodology under Article 6.4, also known as the Paris Agreement Crediting Mechanism (PACM), the UNFCC announced on Thursday October 30.

With time, it is natural that low-carbon aluminium will be valued, and that the market will pay a green premium because clients are each day demanding more certificates, Anderson Baranov, chief executive officer of Norsk Hydro Brazil told Fastmarkets in an interview on Thursday October 30.

The Supreme Court is examining whether former President Trump exceeded his authority by imposing IEEPA tariffs during a national emergency, a case that could redefine the limits of presidential power and influence global trade dynamics.

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Brazil’s potential for producing aluminium has not been fully explored and the country should not only focus on the domestic market, but start exporting, Luciano Alves, chief executive officer of aluminium producer Companhia Brasileira de Aluminio (CBA), told Fastmarkets in an exclusive interview on Tuesday October 28.

Canada has officially designated select minerals - including graphite, scandium, and rare earths - as national security priorities under the country's Defence Production Act, providing guaranteed buyers for some domestic producers and signalling a move closer to government-backed price floors.