22 Oct CMF Light Alloy Members benefit from Fastmarkets MB Intelligence
Cast Metals Federation, CMF, Light Alloy Sector Members were able to meet recently with Justin Yang, Aluminium and Nickel Reporter for Fastmarkets MB (formerly Metals Bulletin), to hear about the key global drivers for the secondary aluminium market and the systematic methodology that the company uses to establish the prices that it reports. Justin explained that these are based on real transactions with a strict methodology and decision making process used to regulate the reports. CMF members were able to question Justin on the likely trends in pricing and how these may impact the UK market.
The group also discussed how CMF can work more closely with the team at Fastmarkets MB and improve the flow of information so that the pricing information and the market intelligence available can benefit the CMF foundry Members.
“This was an ideal opportunity for our members to hear first-hand from Justin about the factors that affect this global commodity” said Pam Murrell, CMF CEO. “We had a very good turnout with an informative discussion – we shall be changing the way that we collect information from our Members as a consequence and I think that this will certainly improve the quality of data available to the industry.”