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.

04 JULY 2022 AL CIRCLE

Diversified metal producer South32 reshaping its portfolio to focus on a low-carbon future

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Chief Development Officer of South32, Simon Collins stated at the virtual session of this year’s Prospectors & Developers Association of Canada, that the company encountered a significant change in the past year and has evolved considerably since its formation in 2015, reshaping the company's portfolio to focus on metals critical to a low-carbon future mandate the company to diversify its product portfolio.

South32 reshaping its portfolio to focus on a low-carbon future

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During the first half of the company's financial year 2022, he noted that record earnings and shareholder returns were supported by the company's favourable commodity mix and recent portfolio improvements.

Collins expressed by commenting, “Study outcomes for our world-class development options in North America underline their potential to supply critical minerals into the future. Our consistent execution is underpinned by our disciplined capital allocation and strong balance sheet.”

According to him, South32's 2015 portfolio primarily comprised alumina, aluminium, manganese ore and coal for steelmaking. While exiting lower-return businesses, it has transposed its focus to future-facing metals.

South32 reshaping its portfolio to focus on a low-carbon future

The company’s uncovering of metals that are critical to a low-carbon future has shifted from 53% to 74% since 2015. Collins further added that the company is striving to further augment this exposure through its growth possibilities, and observed that climate commitments were crucial as South32 pursued to reshape its business.

However, in this aspect, the company’s target is to attain net-zero operational carbon emissions by 2050, while in the medium term it targets to halve these by 2025.

By 2023, South32 expects to double its green aluminium production after restarting the Brazil Aluminium smelter and acquiring a 16.6% stake in Mozal Aluminium in Mozambique.

In particular, Collins praised the fact that the Brazilian smelter is completely powered by renewable energy, making it one of the lowest-cost smelters in the world.

“All going well, we expect the smelter will have ramped up to full capacity by the middle of 2023,” he indicated.

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