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.

30 APRIL 2026 AL CIRCLE

Kaiser Aluminium downgraded by JPMorgan even as earnings beat expectations

EDITED BY : STAFF EDITOR 2MINS READ

jpmorgan on kaiser aluminium

Stock image for referential purposes only

JPMorgan Chase & Co has downgraded Kaiser Aluminum Corporation to Underweight from Neutral, citing valuation concerns despite strong recent performance.

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The brokerage raised its price target to USD 142 from USD 124, even as the stock trades significantly higher at around USD 172.52. Shares have surged 175 per cent over the past year and 93 per cent in the last six months, prompting concerns that much of the upside is already priced in.

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Analyst Bill Peterson noted that the stock is trading above historical levels and beyond the firm’s valuation benchmark, indicating potential overvaluation. The company gained from strong demand in end-markets and wider margins. These came from key investments, including the new coating line and Phase 7 expansion. Still, risks remain.

Also read: CIE Automotive India approves merger with aluminium casting subsidiary

JPMorgan flagged high leverage, with a debt-to-equity ratio of 1.21, and warned of downside risks from tighter scrap spreads in 2027. The bank also noted uncertainty over when commercial aerospace will recover and how fast plate demand will grow.

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Even with the downgrade, JPMorgan sees a positive short-term outlook if the company delivers on plans. Separately, KeyBanc stayed upbeat, lifting its price target to USD 183. This followed solid Q1 2026 results, earnings per share hit USD 3.74, and revenue reached USD 1.1 billion, beating forecasts.

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