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.

28 JULY 2023 AL CIRCLE

Escalating LME's Russian aluminium conflict poised to intensify further

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The London Metal Exchange (LME), the global hub for trading industrial metals and where the vast majority of non-ferrous metal futures business takes place, is once again confronted with demands to exclude Russian aluminium from its warehouse system. The Norwegian aluminium giant is urging the exchange to reconsider its stance from last November, wherein they chose to proceed with accepting deliveries of Russian metal.

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The Norwegian aluminium producer warned that the LME contract's benchmark status is in jeopardy as Russian brands make up 80 per cent of warranted aluminium stocks by the end of June.

As of the latest information available, no government sanctions are currently imposed on Russian aluminium. However, the London Metal Exchange (LME) has stated that all metals originating from Russia are still being utilized by a diverse range of consumers within the market.

Despite the absence of official sanctions against Rusal, the company has experienced a shift in its geographical sales mix. This change is a direct response to the imposition of punitive import duties in the United States and the voluntary self-sanctioning by certain consumers, particularly in Europe.

Although the market of last resort, the LME, has received some metal deliveries, the inflow has been limited. By the end of June, the LME warranted stocks of Russian metal totalled 218,000 tonnes, which is relatively small compared to Rusal's annual production capacity of four million tons. This indicates that Rusal and its trading partners have achieved significant success in diverting shipments towards Asian consumers, with a particular focus on China.

In the previous year, China witnessed a notable increase in its import of Russian-brand primary aluminium, reaching 462,000 tonnes compared to the 291,000 tonnes imported in 2021. The upward trend has continued in the first half of this year, with imports of Russian metal surging by an impressive 177 per cent y-o-y, amounting to 414,000 tonnes.

During the January-June period, Chinese imports of primary metal were predominantly dominated by Russian brands, constituting a substantial 85 per cent share.

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