S&P Global Platts

United States Scrap Aluminium Recovery Falls In May

United States Scrap Aluminium Recovery Falls In May

Recycled aluminium collected from secondary producers in the United States saw a steep decline in May, recovering 19 percent less of it than the previous year. According to numbers from the United States Geological Survey, secondary producers recovered 231 thousand metric tons...

U.S. Legislators Introduce Bipartisan Bill Seeking To Regulate Aluminium Pricing

A bill introduced jointly by one Republican and one Democratic member of the United States House of Representatives would, if passed, hand authority to the Commodities Futures Trading Commission to oversee the aluminium futures trading activity in the United States, including ceding it power to investigate price setting and benchmarking. Representatives Ken Buck (CO-04) and […]

China’s Aluminium and Alumina Operations Spared By Typhoon Mangkhut

Aluminium smelters and alumina refineries have thus far been spared the ravages of Typhoon Mangkhut according to sources on the ground in southern China. Sources who spoke to Platts over the weekend confirmed only minor inconveniences to operations in the area. “Maybe deliveries on the roads have been slightly affected, but nothing has impacted production […]

U.S. Representative Seeks Federal Investigation into Midwest Transactional Premium

A federal representative from eastern Colorado is spearheading a petition to urge United States Attorney General Jeff Sessions to investigate allegations that S&P Global Platts is illegally manipulating the American aluminium market. Republican Representative Ken Buck’s office released the letter to Attorney General Sessions early last week. The letter alleges that, despite the logistical costs […]

S&P Restores Hongqiao from Credit Watch after Two Downgrades in Eight Months

Independent investment research firm S&P Global Ratings announced on Wednesday that it has taken China Hongqiao Group off of credit watch almost exactly eight months after the company was placed on the list with negative implications. Citing Hongqiao’s issuance of the long-delayed 2016 annual report over six months behind schedule, this is the first good […]