Secondary aluminium is increasingly central to Europe’s decarbonisation plans. It is used in automotive castings, construction profiles, packaging and consumer goods and is valued because it can deliver similar mechanical properties to primary metal while requiring a fraction of the energy and...
As the EU’s Carbon Border Adjustment Mechanism (CBAM) gradually extends to downstream aluminium processing products, accurate product classification and origin information are becoming increasingly important and directly affect the assessment of potential carbon exposure. Following the analysis in...
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European aluminium producers have expressed concerns about a potential breach in the European Union's carbon border tax (CBAM), which could enable heavily polluting exporters like China and other Asian countries to evade regulations and inundate the bloc with inexpensive heavy metal emissions. The...
Aluminium Secondary Manufacturers Association (ASMA) conducted a seminar on 'Global Trade, Sustainability and Competitiveness of Indian Downstream Aluminium Industry in presence of CBAM' on May 17, 2023, at India International Centre, New Delhi. The seminar was about introspecting the burning issue...
A preliminary agreement between the European Parliament and Council on a Carbon Border Adjustment Mechanism (CBAM) to combat carbon leakage would have implications for the aluminium trade. The provisional agreement of a transitional phase might be in place by October, but it still needs to be...
A Malaysian financial company providing investment management services, Kenanga Investment Bank Bhd, reasserted its “neutral” stand on the carbon emissions tax levied upon the seaports and logistical sectors. The bank claims that the EU’s Carbon Border Adjustment Mechanism (CBAM) can negatively...
According to the officials familiar with the government of India's decision-making team, it has been informed to us that in response to the EU's proposed carbon tax, which might disrupt over $8 billion worth of Indian metal exports to the EU, India is considering slapping retaliatory tariffs on...
As part of the United States administration's effort to exempt aluminium and steel exports from the carbon border levy (CBAM), a broader metal accord may be complicated by the allies imposing tariffs and retaliatory measures on each other's goods that could result in billions of dollars in tariffs...
The global primary aluminium industry is moving towards a more sustainable and greener environment. To begin with, EU signed the world's first carbon tariff agreement. According to the sources, the carbon border adjustment mechanism (CBAM) will protect the European industry against importing less...
The professed carbon border adjustment mechanism (CBAM) will safeguard the European industry from importing less expensive, more polluting goods by impersonating the domestic carbon pricing in the European Union. However, it will start with aluminium imports, among others like iron and steel,...
Expanding the market share of secondary aluminium is in the best interests of the globe’s green transition: governmental policies taxing high-carbon products, the legally binding Paris Climate Agreement, and the UN’s Sustainable Development frameworks all tie countries to decreasing their carbon...
The EU's planned Carbon Border Adjustment Mechanism (CBAM) poses a significant risk to the southern African nation, Mozambique, primarily because of its aluminium exports to the EU. The metal aluminium is the country's most considerable export good, which accounts for up to 25 per cent of export...
On 22 nd June 2006, European Aluminium, the industry association representing the aluminium value chain in Europe has been down-casted by the outcome of the European Parliament’s plenary vote on the Carbon Border Adjustment Mechanism (CBAM). MEPs opted to incorporate indirect emissions in their...
The independent commodity analyst CRU has published a new report for the European aluminium industry pointing out negative impacts of a wrongly designed Carbon Border Adjustment Measure (CBAM). According to CRU, if CBAM covers indirect emissions and removes existing carbon leakage measures,...
A joint research study by two European climate think tanks clearly stated that the European Union’s proposal of the world’s first carbon tax is likely to strike Russia hefty while China to remain fairly unscratched. In July, the EU proposed a Carbon Border Adjustment Mechanism (CBAM), or we can...
The Australian energy and emissions reduction minister, Angus Taylor has alerted that the European Union is attempting to implement a carbon tax on imports, which would be unfavourable to Australia’s export industry. The Energy Minister prompted against a ‘new wave’ of European protectionism that...
The European Union’s new legislation, Fit for 55 which was introduced on 14th July to reduce its GHG emissions by 55% by 2030 and to net-zero by 2050. This has been highly appreciated as the EU’s climate change action transformed into law, safeguarding it from the winds of political change. It will...
European Union is a political and economic union of 27 member states that are located primarily in Europe and released the summarized details of its carbon border tax, stressing on other nations to validate carbon pricing by 2026 instead of countering carbon border tax. The carbon tariff will apply...
Primary aluminium sector saw major developments this week. LME aluminium cash (bid) price and LME official settle price increased this week, while SMM aluminium ingot price performed higher Let's explore: European aluminium producers are seeking exclusion from the first phase of the European...
On 15th July 2021, South Korea's Ministry of Industry stated that the nation's aluminium and steel sectors are expected to be counter trouble from the European Union’s carbon border tax. The announcement from the ministry came a day after the EU declared its intention to implement the Border Carbon...
