Platts European aluminum assessments do not include CBAM costs from Jan 2026

Platts, part of S&P Global Energy, would like to remind market participants that the costs associated with the European Union's Carbon Border Adjustment Mechanism (CBAM) are not included in its European duty paid P1020 and delivered duty paid (DDP) billet premium assessments from January 2026.

In practice, this means that Platts European aluminum premiums assessed on a duty-paid basis remain inclusive of import duties but exclude any costs associated with the CBAM regulation. This follows a proposal published July 17 and an Aug. 27 subscriber note informing market participants of Platts decision not to include CBAM costs, available here.

CBAM requires importers of primary aluminum and billet into the EU to purchase CBAM certificates for any imports from Jan. 1, 2026.

Platts European duty paid P1020 and delivered duty paid (DDP) billet premium assessments include:

Platts assessments that leverage the above assessments in their calculation will, in turn, not include any costs associated with CBAM. This includes low-carbon aluminum and billet, zero-carbon aluminum, currency conversions and related weekly, monthly, quarterly and yearly averages.

Platts has separately launched calculated CBAM values for costs associated with CBAM for European aluminum premiums assessed on a duty-paid basis imported into the EU, effective Jan. 2, 2026. More details can be found here.

Platts has also clarified that European aluminum assessments published on a duty-unpaid basis will be exclusive of CBAM costs by nature of the incoterm.

Please send all feedback, comments, and questions to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com .

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