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.

19 FEBRUARY 2024 AL CIRCLE

South Korea procures 3000 tonnes of aluminium ingot in January

EDITED BY : RUPANKAR MAJUMDER 1MINS READ

South Korea acquired 3,000 tonnes of high-grade primary aluminium ingots of Malaysian origin through a tender process, as announced by the state-operated Public Procurement Service on February 14, 2024.

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As per the information available on the government procurement agency's website, the purchase particulars are outlined below:

2,000 tonnes from Sumitomo Corp at a premium of $115 CIF/T, with an arrival scheduled for January 31^st at the port of Busan.
1,000 tonnes from LG International Corp at a premium of $114 CIF/T, also set to arrive on January 31^st at the port of Busan.

The agreements were finalised with premiums above the London Metal Exchange cash prices, as the metals are required to be registered on the LME.

According to the OECD, South Korea's per capita aluminium consumption was predicted to be the highest globally by 2023, thanks to its expansive automobile and electrical sectors. As of 2022, South Korea's per capita aluminium consumption is 42.76 kg. However, because South Korea is not one of the top aluminium-producing countries, imports fill its metal requirement.

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