Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

10 NOVEMBER 2023 AL CIRCLE

Alba’s Q3 2023 profit records a sharp fall of 64% Y-o-Y despite higher sales volume; Poor LME prices are held responsible

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Aluminium Bahrain B.S.C. (Alba) has announced its third quarter financial results for 2023, whereby it disclosed a profit of BD17.3 million ($46 million), down by 64 per cent from the last year due to poor LME prices and lower premiums. The company’s revenue also edged a fall Y-o-Y from BD403.2 million ($1.07 billion) to BD400 million ($1.06 billion).

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Alba also announced the comprehensive income for Q3 2023, which stood at BD20.7 million ($55.2 million) after experiencing a plunge of 64 per cent from BD58.2 million ($154.8 million) a year ago. The gross profit was BD48.6 million ($129.3 million), down by 38 per cent Y-o-Y from BD79 million ($210.2 million).

The company reported basic and diluted earnings per share of fils 12 for Q3 2023 compared to fils 34 during the same period in 2022.

Alba’s fiscal earnings fell in Q3 despite a growth in production and sales volume. As per the report, the company’s aluminium production volume rose 1 per cent Y-o-Y, reaching 409,445 tonnes in Q3 2023. In nine months of the year, the output gained 2 per cent over the year to stand at 1.21 million tonnes. Sales volume in Q3 was 430,351 tonnes, up by 17 per cent Y-o-Y; and that in nine months increased by 7 per cent to 1.18 million tonnes.

In nine months of 2023, Alba’s profit decreased by 75 per cent to BD94.6 million ($251.7 million) from BD376.7 million ($1 billion) a year earlier. The comprehensive income also plunged by 75.8 per cent Y-o-Y to stand at BD 100.5 million compared to BD416.1 million ($1.1 billion) in the same period of 2022.

Alba’s gross profit in nine months of 2023 was BD196.4 million ($522.3 million), reflecting a sharp downfall of 57.8 per cent Y-o-Y from BD465 million ($1.23 billion). The revenue was BD1.1 billion ($3.1 billion) versus BD1.3 billion ($3.6 billion), down by 16 per cent Y-o-Y.

Alba diagnosed the reason behind this fiscal downturn in the first nine months of the year and came to the conclusion that major markets were under pressure, primarily in Q3 2023, due to high inflations across the globe weighing on commodities consumption. In Europe, aluminium consumption contracted by 3 per cent Y-o-Y. However, that was slightly offset by increase in primary aluminum output in China and the Americas.

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