Extension of the consultation period for the amendment to US Midwest low-carbon aluminium differentials

Following an initial 30-day consultation period, Fastmarkets has elected to extend the consultation period to amend the frequency of its US Midwest low-carbon aluminium differentials to allow for further feedback from the industry.

Fastmarkets has proposed to increase the frequency of its MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product, US Midwest to a weekly basis from the current monthly basis.

The new proposed specifications are as follows:

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: Delivery starting within three months
Publication: Weekly on Fridays. 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: Delivery starting within three months
Publication: Weekly on Fridays. 3-4pm London time.

* Fastmarkets will define low-carbon aluminium originating from smelters that emit a maximum of 4tCO2e per tonne of aluminium produced under Scope 1 and 2 emissions. Scope 1 and 2 includes direct carbon emissions from the smelter itself and indirect emissions from the power source of the smelter.

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

The extended consultation period for these proposed amendments starts on Thursday March 14 and will end on Monday April 15. The amendment will then take place, subject to market feedback, on Friday May 3.

To provide feedback on these differentials, or if you would like to provide price information by becoming a data submitter to these differentials, 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.

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