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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As the European Union's Carbon Border Adjustment Mechanism (CBAM) introduces a new layer of complexity for aluminium and steel exporters, Indian businesses face a challenging regulatory landscape. This tax, aimed at addressing carbon emissions and ensuring a level playing field, has left many firms...
The UK Aluminium Federation (ALFED), representing the entire aluminium supply chain in the UK, has officially submitted a response to the UK Carbon Border Adjustment Mechanism (CBAM) Consultation. As the leading trade body for the aluminium industry in the UK, ALFED has encouraged its members to...
In line with global efforts to combat climate change, the European Union has introduced a significant measure—the Carbon Border Adjustment Mechanism (CBAM), designed to regulate the import of carbon-intensive products, such as aluminium, by charging a tariff based on the emissions produced during...
In the upcoming free trade deal negotiations with the European Union, India is set to request a three-year exemption for its micro, small, and medium enterprises (MSMEs) from a proposed mandatory tariff on carbon-intensive imports. Two sources familiar with the matter disclosed this stance,...
On May 8, 2024, Reuters reported that top executives from BMW and Volkswagen cautioned against implementing EU import tariffs on Chinese manufacturers' electric vehicles. They argued that such measures could disrupt the European Union's Green Deal agenda and negatively impact automakers reliant on...
On May 1, 2024, the London Metals Exchange (LME) initiated a consultation process mandating aluminium brand producers, eligible for delivery under its contracts, to furnish carbon emissions data by March 2025. The objective is to synchronise the aluminium market with the stipulations of Europe's...
According to a recent report from Wood Mackenzie, the European Union's (EU) introduction of a Carbon Border Adjustment Mechanism (CBAM) in the primary aluminium market could have a disproportionate impact on European producers, potentially leading to increased prices for consumers. The report "CBAM...
Ducab Metals Business (DMB), a UAE-based copper and aluminium solutions provider, has reportedly unveiled its new Green Aluminium Rod, produced using recycled aluminium in compliance with the EU's CBAM regulation. The production of DMB's Green Aluminium Rod requires significantly less energy than...
ICRA stated that the anticipated European Union carbon tax would likely minimally affect domestic primary aluminium producers. The Carbon Border Adjustment Mechanism (CBAM), analogous to a carbon tax functioning as an import duty, is slated to be enforced from January 1, 2026. ICRA Limited is...
The Rishi Sunak Government's decision to delay or weaken UK climate targets has stirred concerns among environmentalists and industry players alike. This shift has not only impacted the UK's carbon market but also raised potential challenges for exporters facing EU carbon border taxes. Let's delve...
There has been a significant challenge facing EU initiatives to tax carbon-intensive imports starting in 2026, as only a minority of companies have met the early reporting deadline for their carbon-intensive imports. The EU's carbon border adjustment mechanism (CBAM) represents a pioneering effort...
LME aluminium opened at US$2,195.50 per tonne on Tuesday, with its low and high at US$2,180 per tonne and US$2,236 per tonne respectively before closing at US$2,223.50 per tonne, up 1.21 per cent. The London Metal Exchange market on February 20 showed down pouring traits, wherein the LME aluminium...
In a strategic move towards fostering eco-friendly manufacturing, the Industrial Estate Authority of Thailand (IEAT) has collaborated with Japanese giants IHI Corporation and IHI Asia Pacific (Thailand) Co. The focus lies on the Smart Park Industrial Estate in Rayong, emphasising the imperative...
Day three of the 11th International Material Recycling Conference unfolded with a symphony of voices echoing the challenges and triumphs of the aluminium industry. Dhawal Shah, Sr Vice President of MRAI and Partner at Metco Ventures LLP, took centre stage, vividly painting India's rapidly growing...
On Monday, February 5, the China Nonferrous Metals Industry Association communicated that aluminium product export from China to the European Union, covered by the carbon border tariff, fell 30 per cent Y-o-Y in 2023. The Association showed that China exported 689,000 tonnes of aluminium products...
At this moment, the prevailing buzzword around the European terrain is CBAM, and after raising quite a few eyebrows, it seems to be taking shape. Apart from that, EU nations are not immune to the consequences of shifting to green energy all at once. The current economic slowdown in Germany has...
From September 2023, the leading aluminium rolling mill, Niche Fusina Rolled Products (Fusina), started to source 100 per cent of its primary aluminium from low-carbon suppliers via Concord Resources Limited. Precise carbon footprints are provided by CarbonChain. Sourcing material in this way...
Gangaa C. Sharma serves as the Managing Director and CEO of CETIZION Verifica, a prominent global advisory and audit company. With an extensive career spanning over 27 years, he brings a wealth of experience across diverse sectors and geographies, including India, Asia Pacific, China, the Gulf, and...
