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.

19 AUGUST 2020 AL CIRCLE

Alunorte’s alumina production plunge, a dividend for Nalco

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Indian state-run National Aluminium Company is expected to gain, as Hydro’s Alunorte alumina refinery in Brazil will axe down production by 30-45% due to maintenance of the bauxite supply pipeline at Paragominas mine, as per market analysts.

Alunorte's drop to be a gain for Nalco

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Norsk Hydro ASA, among the biggest aluminium producers, stated that it will curtail production at Alunorte alumina refinery in Brazil amid extended maintenance on a pipeline transporting bauxite from the Paragominas mine in the Latin American nation. Alumina production at Alunorte, which accounts for about 13% of the global demand, will fall to 35-45% of its full operating capacity during planned maintenance expected to last two months.

Vishal Chandak, a Research Analyst at Emkay Global Financial Services, said: “This development may not have an impact on Hindalco Industries Ltd., which is an integrated aluminium producer with its alumina supply, but it may impact Vedanta Ltd. to some extent since part of its alumina requirement comes from third parties. It’s a positive for Nalco, even if for a very short term, since the state-run miner sells 80-90% of its alumina overseas.”

Nalco's alumina refinery to play vital role, while Alunorte remains in disruption

On 19^th August’20, shares of Nalco were trading 6.19% higher at 13:15 hours IST compared with a 0.44% rise in benchmark Nifty 50.

Amit Dixit, Assistant Vice President (research) at Edelweiss Securities, said: “The global alumina demand remains at 23 million tonnes per year, Alunorte alone supplies about 3 million tonnes. Assuming that the plant operates at 35-40% capacity, the total deficit in the seaborne market would be at an annualised rate of 3 MT as Norsk Hydro would concentrate on meeting its requirement first. However, this is not expected to last long and the market would return to balance once the maintenance work is completed.”

According to a report by Bloomberg: “Prices of alumina, the key raw material for aluminium, had surged to a record in April 2018 after the Brazilian government ordered the Alunorte plant, located in the Amazon, to operate at half its capacity amid allegations of contamination of local water supplies.”

However, this time, it is projected that the scenario is likely to be contrary and a little more certain since Norsk Hydro’s statement suggests that plant work will commence immediately, and operations are expected to resume within two months.

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