Platts starts to include CBAM costs in European Duty-Paid aluminum assessments

Platts, part of S&P Global Energy, has started including the costs related to the EU's Carbon Border Adjustment Mechanism, CBAM, in the European duty-paid P1020A aluminum premiums and delivered duty-paid, DDP, billet assessments, effective April 1, 2026.

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

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

The change was announced in a subscriber note published on March 26 and is available here.

The European P1020 Duty Unpaid premium assessment (AALVI00) continues to exclude CBAM costs due to 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 introduced calculated CBAM values for Duty Paid European aluminum as an additional market reference, and that methodology will remain unchanged. More details on this can be found here.

Platts invites feedback, comments, and 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.