EU’s Net-Zero Goal Hits India’s Aluminum Sector Hard ...Middle East

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EU’s Net-Zero Goal Hits India’s Aluminum Sector Hard
Via AG Metal Miner   The EU’s implementation of the Cross-Border Adjustment Mechanism (CBAM) poses a significant challenge to India’s aluminum industry and the global price of aluminum. The move stems from the EU’s eagerness to tackle carbon and achieve net-zero emissions by 2050. However, as one of the leading low-cost aluminum producers, India faces a considerable setback due to CBAM. Indeed, the subcontinent produces 4.1 million tons of primary aluminum annually, exporting roughly 56%.   India’s annual…

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