Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

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.

16 AUGUST 2016 AL CIRCLE

China Hongqiao Group boosts H1 profit 21% while staying low-cost vis-à-vis global producers

EDITED BY : DIPANWITA GUPTA 3MINS READ

The world’s biggest aluminium maker China Hongqiao Group delivered astounding results in the six months ended June 30. Profit surged 21 per cent driven by output expansion and increasing market share as some of the industry's higher-cost competitors held up production under uncertain market conditions.

According to JPMorgan Chase & Co, the company is among the world’s lowest-cost integrated aluminium producers owning a bauxite mine in Indonesia, an aluminium smelter in Guinea, and power plants in China.

China Hongqiao's net income reached 3.3 billion yuan (Dh1.8 billion, $496 million) in H1 2016 compared to 2.72 billion yuan in the same period previous year. Revenue scaled 13 per cent higher than 25.4 billion yuan last year, as output improved 28 per cent to 2.71 million metric tonnes, the Shandong province-based aluminium manufacturer said in a statement. The group has been reaching out and penetrating markets even as China’s overall output and shipments trail last year's levels.

News

China Hongqiao has been on an “aggressive, strategic drive” to grow capacity and market share, said Daniel Kang, an analyst at JPMorgan Chase. “That’s the big driver, which has offset lower prices and is driving the bottom line. Debt is still rising and that is a bit of a concern as free cash flow continues to be negative.”

The group surpassed UC RUSAL last financial year as the world’s biggest maker of the white metal. Its H1 output accounted for about 17 per cent of China’s supply in the period. Most of China Hongqiao’s income comes from selling molten aluminium that used as prime raw materials by the aluminium rolled product manufacturers.

As demand exceeded supply in the first half, the group believes, consumption of aluminium products will be strong in the second, said Chairman Zhang Shiping in a statement. End user sectors including automobiles, electric vehicles, packaging and electronic devices will continue to drive demand for the metal, he observed.

China Hongqiao’s shares closed 3.8 per cent higher at HK$6.52, their highest since July 2015. Staying low-cost has helped the company post better-than-expected results in H1, said Goldman Sachs Group Inc analyst in a recent report.