Metals & Mining Theme, Ferrous, Non-Ferrous

December 01, 2023

Platts proposes to launch daily European aluminum scrap assessment

Platts, part of S&P Global Commodity Insights, is proposing to launch a new daily price assessment for the European high-grade auto shred aluminum scrap market, effective Jan. 2, 2024.

European market participants have sought greater transparency of aluminum scrap pricing as they seek to use more recycled content to meet decarbonization goals. The proposed assessment would bring additional transparency to the market for high-grade auto shreds, also known as floated fragmentizer scrap.

The proposed assessment specifications would be as follows:

Assessment European Aluminum Scrap High Grade Auto Shreds
Published Daily
Origin Any origin
Quality Floated fragmentizer scrap/high-grade auto shred generated through a heavy media-based separation process, to meet ISRI "Twitch" specification, containing at least 98% metallics, not more than 1% free Zn or 1% Mg.
Quantity Minimum one truckload
Dimensions N/A
Incoterms and location DDP Germany
Timing Delivery within 30 days
Payment Net 30 days
UOM Eur/mt
Assessment timestamp 4:30pm London Time

Platts invites feedback on this proposal to Platts_Aluminum@spglobal.com and pricegroup@spglobal.com by Dec. 14, 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.