China’s Aluminum Sales to EU Plunge 30% Due to New Carbon Tariff

Via Metal Miner Earlier this week, the China Nonferrous Metals Industry Association reported a 30% decline in the volume of aluminum products exported from China to the European Union. Aluminum manufacturing analysts quickly pointed out that this most likely resulted from the bloc’s 2023 carbon border tariff. The EU’s Carbon Border Adjustment Mechanism (CBAM) represents a new way to establish an equitable cost for the carbon emissions stemming from the manufacture of carbon-intensive goods imported into the EU. That said, the aim is…