Stakeholders to weigh challenges and opportunities facing global metals markets
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Update time : 2024-09-27 19:57:16
The annual LME Week kicks off in London on Sept. 30, bringing together leading stakeholders from the metals and mining industry, including company executives, government officials, traders, and financiers. Over the course of the week, delegates will discuss the complex myriad of challenges and opportunities facing global metals markets. In particular, the following topics are expected to feature heavily at this year's conference.
The introduction of the EU Carbon Border Adjustment Mechanism is being closely monitored by metals producers amid concerns that the regulation could disrupt metal trade flows and delay investments in projects and adjacent infrastructure. CBAM charges a tax on imports of selected carbon intensive materials and products -- including aluminum, cement, electricity, fertilizers, hydrogen, iron and steel -- into the EU, removing the gap between the EU Emissions Trading System carbon price and the carbon price of the country of origin of the imports. The CBAM started a transitional phase on Oct. 1, with quarterly reporting required by importers, but no charges, with the permanent system scheduled to come into force on Jan. 1, 2026. Many companies in the iron, steel, aluminum and metals sector, which export a significant amount of their products to the EU, are concerned that CBAM might hamper their businesses. Platts, part of S&P Global Commodity Insights, recently launched low-carbon and zero-carbon aluminum price assessments which you can read more about here.
