Energy & Science
European Aluminum Buyers Are Starting to Pay Up to Go Green
- Buyers pay $14-a-ton extra premium for low-carbon aluminum
- Harbor Intelligence sees sharp demand by Europe’s auto sector
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Aluminum producers have long touted more environmentally friendly methods to make the metal as the way of the future, but no one has been willing to pay extra for it -- until now.
Multiple transactions of so-called “green aluminum” as well as billet and foundry products fetched a premium over standard prices in Europe this week, according to researcher Harbor Intelligence.