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

October 27, 2023

Platts to launch US clean aluminum wheels assessment

Platts, part of S&P Global Commodity Insights, will 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.

Platts first proposed to launch these assessments on Sept. 27 via a subscriber note available here.

Specifications regarding quality, quantity, dimensions, incoterms, location, timing, payment, and unit of measure will be as follows:

Assessment US clean aluminum wheels
Symbol ACLEA00
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
UOM cents/lb
Assessment timestamp 4:00 pm US Eastern Time

Please send all comments or questions to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com.