China’s aluminium product exports to the European Union under carbon tariff fell 30% in 2023
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Update time : 2024-02-07 20:51:24
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 under the Carbon Border Adjustment Mechanism target in 2023. The European Union first imposed the carbon border mechanism in October 2023 to stop acquiring polluting foreign products that might hinder its green transition.
While the European Union countries will not collect any carbon dioxide emission charges at the border until 2026, importers must report the greenhouse gas emissions of the imported products, including aluminium, cement, and steel.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
