Evolution of Low-Carbon and Zero-Carbon Aluminum Price Assessments
At a time when ESG is fast becoming a core strategy for companies worldwide, the case for low-carbon aluminum pricing tools is a compelling one. However, a lack of transparency — as well as consensus — regarding the definition, quantification, and understanding of low-carbon aluminum's value have proven to be formidable obstacles.
That lack of clarity and transparency were behind Platts decision to launch its low-carbon aluminum price (LCAP) and zero-carbon aluminum price (ZCAP) assessments, starting with the European market. The assessments complement existing offerings for high-grade primary aluminum, while helping market participants quantify cost, manage risk and spot opportunities associated with the growing focus on carbon-reduction strategies.