Platts to include CBAM costs in European Duty-Paid aluminum assessments from April 1

Platts, part of S&P Global Energy, will include the costs associated with the EU's Carbon Border Adjustment Mechanism (CBAM) in the European duty-paid P1020A aluminum premiums and delivered duty-paid (DDP) billet assessments from April 1, 2026.

The inclusion of the CBAM costs in the Platts duty paid P1020A and billet assessments follows market feedback that CBAM costs are increasingly being embedded in spot premiums for aluminum transacted on a duty paid in-warehouse Rotterdam and/or DDP basis.

The change was proposed in a subscriber note published March 17 and available here.

The European P1020 Duty Unpaid premium assessment (AALVI00) will continue to exclude CBAM costs by nature of the incoterm.

The assessments impacted by the change include:

The inclusion of CBAM costs will be passed through to other Platts assessments that are based on the above assessments. This includes low-carbon aluminum and billet, zero-carbon aluminum, currency conversions and related weekly, monthly, quarterly and yearly averages.

Platts has previously launched calculated CBAM values for Duty Paid European aluminum as an additional market reference and that methodology will not change. More details on this can be found here.

Please send any feedback, comments or questions on this decision to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if the comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.