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.

31 AUGUST 2023 AL CIRCLE

HLIB Research believes understated aluminium prices will pose further challenges to Press Metal

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Press Metal Aluminium Holdings Bhd recently missed its expected earnings, which may continue in the quarters ahead. According to Hong Leong Investment Bank (HLIB) Research, South-East Asia’s largest aluminium producer is likely to experience a gloomy future due to subdued aluminium prices in the spot market.

Press Metal to face challenges ahead due to understated aluminium prices, suggests HLIB Research

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The investment bank said in a report, “In the near term, the outlook for aluminium as a metal poses challenges, primarily attributed to concerns surrounding economic slowdown and the overall decline in global real estate markets, driven by the prevailing high interest-rate environment.”

HLIB Research thus recommends ‘sell’ for Press Metal and reduces its target price to RM4.03 per share from RM4.22 earlier.

HLIB has shared a negative outlook for Press Metal Aluminium after the company declared its dispirited financial results for H1 2023 ended June 30. Press Metal announced on August 29 that its net profit stood at RMB605.7 million in the first half of the financial year 2023, down by 27 per cent year-on-year. This result loomed 41 per cent lower than HLIB’s consensus full-year forecast.

The decline in Press Metal’s H1 net profit could be attributed to the LME aluminium spot price drop by 23 per cent year-on-year to US$2,361 per tonne in 1H2023.

HLIB Research also projects aluminium surplus between 2023 and 2025. According to its estimate, the global aluminium output may grow by 2 per cent in 2023 and exceed the demand growth of 1 per cent, creating a surplus of 156,000 tonnes in the market.

It is also estimated that the global aluminium market may sustain a surplus of 238,000 tonnes and 156,000 tonnes in 2024 and 2025, respectively.

However, despite all the challenges, HLIB Research foresees a bright future for aluminium in the mid and long-term, given its demand in the ultra-fast-growing electric vehicle and solar photovoltaic sectors.

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