Bipartisan legislation intended to increase transparency in aluminium pricing has been reintroduced into the United States House of Representatives, a move welcomed by the country's consumer trade associations.
If it is eventually approved, the legislation would provide the US regulator, the Commodities Futures Trading Commission (CFTC), with a clear mandate to conduct oversight of price reporting and price-setting entities within the aluminium markets and to investigate them if necessary.It had focused...