
EU emissions regulations to drive more scrap demand
The Carbon Border Adjustment Mechanism (CBAM) was officially enacted May 17 by the European Commission.
The Carbon Border Adjustment Mechanism (CBAM) was officially enacted May 17 by the European Commission.
Kaiser Aluminum said it does not anticipate closures at its other manufacturing sites.
"Metals had a positive reaction in light of this Fed move, but I think it's kind of a one-off."
Wednesday afternoon, the Fed is scheduled to hold a news conference outlining its latest policy.
The titan in aluminum recycling cited market conditions as it backed off its public offering
Are we seeing progress toward lower inflation or is a generally resilient economy wavering?
The Atlanta-based company's customers include Ball Corporation, Trane Technologies and Jaguar Land Rover.
"It’s the stuff that makes sustainability real, and it gives it a future, because it’s based on facts rather than noise."
Production growth had been forecasted at 3.7% by the group in October 2023.
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.