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.

15 JUNE 2026 AL CIRCLE

Hindalco stock in focus as Novelis restarts New York hot mill: UBS remains bullish on aluminium

EDITED BY : STAFF EDITOR 2MINS READ

aluminium

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Hindalco Industries attracted investor attention after Novelis, its subsidiary, resumed operations at the hot mill of its Oswego facility in New York. The unit had been affected by a fire earlier, leading to a temporary disruption.

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The company said the hot mill is now back in operation and work is underway to gradually increase production and meet customer demand.

During the shutdown, Novelis relied on its other facilities around the world to help maintain supplies. The company said that its teams worked with customers and suppliers to minimise disruptions while the Oswego plant was offline.

Novelis CEO Steve Fisher said restarting the mill was an important step for both the company and its customers. He also thanked employees, customers and business partners for their support during the outage.

The development comes at a time when aluminium producers are drawing positive attention from analysts.

UBS recently launched coverage on several Indian metal and mining companies and named Hindalco among its top picks. The brokerage believes aluminium producers could benefit from supportive market conditions over the next few years.

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UBS believes aluminium is currently better positioned than steel within the metals sector. The brokerage named Hindalco among its preferred picks and expects integrated aluminium producers to deliver stronger earnings growth while maintaining a more cautious stance on steel stocks such as Tata Steel.

According to UBS, supportive aluminium prices and tighter supply conditions could help companies like Hindalco generate better returns over the coming years.

Aluminium prices will remain above USD 3,000 per tonne in the coming years due to supply constraints and steady demand in the market. The brokerage has assigned a Buy rating to Hindalco with a target price of INR 1,325 (USD 145.75).

UBS also initiated coverage on NALCO with a Buy rating, saying integrated aluminium producers could see stronger earnings if aluminium prices remain firm.

Meanwhile, Hindalco shares opened at INR 1,029.80 (USD 113.28) on the NSE compared with the previous close of INR 1,039.30 (USD 114.32). The stock was trading at INR 1,029.30 (USD 113.22) in early deals.