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.

06 OCTOBER 2016 AL CIRCLE

U.S. Federal judge rejects antitrust lawsuit against banks and commodity companies

EDITED BY : BEETHIKA BISWAS 2MINS READ

According to Reuters, a U.S. Federal judge on Wednesday October 5 finally rejected nationwide antitrust lawsuit by a number of end users accusing banks and commodity companies of working together to drive up aluminium prices by deliberately hoarding metal and controlling supply from 2009 to 2012.

Accordingly, the three years of litigation against Goldman Sachs Group Inc, JPMorgan Chase & Co, mining company Glencore Plc, and various commodities trading, mining and metals warehousing companies comes to a close.

They alleged that such deliberate hoarding caused delays in delivering order and rise in warehouse storage costs in Detroit and elsewhere, which in turn raised aluminium prices and production costs of producing cabinets, flashlights, strollers and other goods.

News

In August, the 2nd U.S. Circuit Court of Appeals in Manhattan upheld the dismissal by saying that so-called commercial end users and consumer end users lacked relevance to sue because their alleged antitrust injuries were too far removed from the alleged misconduct.

Applying the same ruling, U.S. District Judge Katherine Forrest in Manhattan said that related claims by "first level" purchasers, which she allowed to continue in March 2015, must also be dismissed.

According to her both cases rested on the same "core assertion" that Platts Midwest Premium, a part of all-in-all aluminium prices, rose because of alleged "shenanigans" in aluminium warehouse services which has no documented record.

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"There is no allegation or evidence in the record that defendants engaged in any anticompetitive conduct outside of the aluminium warehouse services market," Forrest wrote. "Profit by defendants or losses by plaintiffs subsequently experienced in physical aluminium is irrelevant to antitrust standing," she added.

Spokesmen from Goldman Michael and JPMorgan said their banks were pleased with the decision. Rest of the firms have not yet responded to the judgement.