Iceland

Carbon tax and Iceland's outage threaten to cause panic among EU aluminium buyers

After an outage in Iceland at a major smelter, European importers of aluminium are scrambling to secure supplies before the new carbon tax is implemented. This has pushed premiums up to their highest level in nine months. The European Aluminium Duty-paid Premium, which buyers pay on the physical market over the London Metal Exchange to cover taxes and freight, is currently $324 per ton. On November 3, it reached $330, the highest level since late January. Due to electrical failure, the 320,000-ton per year Grundartangi Smelter, owned by Century Aluminum in Iceland, reduced production by two thirds at the end

Climate Change

Iceland's view of the Atlantic Ocean current collapse as a security and existential risk

Official: Brazil will continue to engage in US trade talks and expand its existing agreements with the US

Brazil will pursue trade negotiations Tatiana Prazeres, the Foreign Trade Secretary said that on Thursday, France would continue to work with the U.S. and reaffirm its commitment to multilateralism while seeking ways of expanding its network of agreements. Prazeres, at a Brazil-China Business Council event, said: "Our approach with the U.S. is to negotiate and negotiate. That's what we have been doing." She said that she was committed to increasing sales to Europe, with whom Mercosur hopes to ratify a long awaited agreement. trade deal Export diversification is possible. She noted that Mercosur was also advancing discussions with EFTA -

Environment

Iceland volcano erupts with lava and smoke

Data shows that only seven countries will meet WHO standards for air quality in 2024.

Data showed that only seven countries met the World Health Organization's (WHO) standards for air quality last year. Researchers warned, however, that the fight against smog will become even more difficult after the United States stops its global monitoring. According to data compiled by Swiss air monitoring firm IQAir, Chad and Bangladesh had the highest average smog levels in 2024. These levels were more than 15-times higher than WHO guidelines. IQAir stated that only Australia, New Zealand and the Bahamas made the cut, as did Barbados, Grenada Grenada, Estonia, and Iceland. There are significant data gaps in Asia and Africa

Climate Change

New Zealand inks 'sustainable' trade handle Switzerland, Costa Rica and Iceland

New Zealand signed a trade offer on Saturday with Switzerland, Costa Rica and Iceland to eliminate tariffs on numerous sustainable goods and services, in a relocation Wellington says will boost the country's export sector. The Arrangement on Climate Modification, Trade and Sustainability ( ACCTS) was signed at a ceremony during the Asia-Pacific Economic Cooperation (APEC) in Peru on Saturday after being struck in July, Trade and Agriculture Minister Todd McClay stated in a statement. This contract gets rid of tariffs on key exports including 45 wood and wool items-- 2 sectors that are crucial to achieving our goal of doubling

Unique REPORT-Is climate change lighting a fuse under Iceland's volcanoes?