CRU completes independent assurance review for its leading Alumina Price Index (CRU-API)

CRU has announced the successful completion of the independent assurance review for its leading, transaction-only based, CRU-API (Alumina Price Index) price. The review was carried out by independent professional services company PricewaterhouseCoopers LLP (PwC). This report was prepared to establish CRU’s adherence to the International Organization of Securities Commissions' (IOSCO) Principles for Oil Price Reporting Agencies.

The independent third party research has demonstrated that the CRU-API is used widely in the settlement of physical contracts. CRU’s Alumina Price Index will now also be used in the settlement of the London Metal Exchange's new cash-settled Alumina futures contract which was launched on 11 March 2019.

"CRU's report demonstrates its ongoing commitment to providing the most robust price benchmarks for physical and derivative markets through a range of strong and appropriately designed policies and procedures in accordance with the requirements of the IOSCO Principles." CRU Group CEO David Trafford said.

CRU's Compliance Lead Claire Ballak reiterated that CRU prices are governed by correct structures, operation of processes and application of the best and most appropriate methodologies and added that the market intelligence group will continue to invest in their compliance function, analysts, systems and independent external review and assurance for reliable price assessments.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.