• MetalMiner Benchmarking

    Benchmark your metal spend against 31,383,584 price benchmarks from 1,188 companies in 21 industries.

    Try it now >
  • New Outlook Report

    Grab our NEW 2017 annual metals outlook report, updated for Q4 – budget, forecast, strategize.

    Free Download >
  • steel bridge black and white

    GET TWO ON US!

    Receive 2 monthly metal buying outlooks at no cost to you. Understand the market in which you’re buying. Formulate your 2016 strategy.

    Sign Up Now >

President Trump will use an executive order today to dismantle the Obama administration’s climate change agenda, according to Environmental Protection Agency Administrator Scott Pruitt.

Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up

The order will compel the EPA to review the Obama administration’s chief climate rule for power plant emissions, the 2015 Clean Power Plan, Pruitt said.

“We’ve made tremendous progress on our environment, and we can be both pro-jobs and pro-environment,” Pruitt told ABC’s George Stephanopoulos on “This Week.” “And the executive order’s going to address the past administration’s effort to kill jobs across this country through the Clean Power Plan.”

The action will order several other federal agencies to undo the Obama administration’s climate change work: It will tell the Interior Department to end a moratorium on new coal leasing on federal land, the official said, and the Obama administration’s assault on methane emissions — outlined in early 2014 and overseen by Interior and EPA — will be ended, too.

Two-Month Trial: Metal Buying Outlook

A major hydraulic fracturing regulation from the Bureau of Land Management will be reviewed under the order. It will also end President Obama’s climate action plan, the main 2013 directive outlining the federal government’s response to climate change.

Aluminum prices have risen around 15% since the beginning of the year.

Benchmark Your Current Aluminum Price by Grade, Shape and Alloy: See How it Stacks Up

The metal is currently trading at a two-year high, just below $1,950 per metric ton. A slow but steady rise.

The aluminum 3003-H14 Sheet price. Source: MetalMiner Price Benchmark.

This year’s rally comes as markets tries to price in Chinese anti-pollution capacity cuts next winter. The world’s largest nation-producer of the metal will force about a third of aluminum capacity in the provinces of Shandong, Henan, Hebei and Shanxi to be shut down over the winter season, which runs from the middle of November through the middle of March, putting at risk about 1.3 million mt of production. (more…)