Platts To Launch Low-Carbon Aluminium Price Assessments In April

Platts To Launch Low-Carbon Aluminium Price Assessments In April

S&P Global Platts said on Friday it would begin a service to provide pricing assessments for low-carbon aluminium next month.

Platts’ move to offer low-carbon aluminium pricing is in stark contrast to the London Metal Exchange. The LME declined calls for such, choosing instead to institute a digital register for carbon details and an online portal for trading low-carbon aluminium.

Prices for low-carbon aluminium and zero-carbon aluminium would begin being listed by Platts on 6 April. Platts’ criteria for the low carbon designation is primary aluminium produced at an aluminium smelter that produces four metric tons or less per metric ton of aluminium it produces.

“While Platts is initially providing new low-carbon pricing focused on aluminium, we also plan to launch additional price and cost references throughout the metals and raw materials value chains,” global pricing director for metals and agriculture Ian Dudden explained to Reuters last week.

The industry has called for a separate trading structure for low-carbon aluminium for some time.