Crude Oil, Metals & Mining Theme, Non-Ferrous, Ferrous

September 27, 2023

Platts proposes to launch US clean aluminum wheels assessment

Platts, part of S&P Global Commodity Insights, is proposing to launch a new daily price assessment for the US aluminum wheels scrap market, effective Dec. 1, 2023.

Market participants have reported demand for aluminum wheels scrap increasing significantly over the last year as they have observed more recycling of wheel scrap as a key raw material for the production of high-purity aluminum-silicon alloys, including structural alloys.

Proposed specifications regarding quality, quantity, dimensions, incoterms, location, timing, payment, and unit of measure would be as follows:

Assessment US clean aluminum wheels
Published Daily
Origin Any origin
Quality Clean, whole aluminum wheels from passenger vehicles with no oil; No chrome, zinc, lead, or iron inserts; Dirty and/or shredded wheels can be normalized; Truck wheels are not considered
Quantity Full truckload
Dimensions NA
Incoterms and location DDP US Midwest (ex-works can be normalized)
Timing Delivery within 30 days
Payment Net 30 days
UOM cents/lb
Assessment timestamp 4:00 pm US Eastern Time

Platts invites feedback on this proposal to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com by Oct. 10, 2023.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.