New EU Rule Could Transform Global Metal Manufacturing

Via AG Metal Miner   Global metal manufacturing is already set to change in 2023. Indeed, the European Council and European Parliament recently reached a provisional agreement over the Carbon Border Adjustment Mechanism (CBAM). This would impose new tariffs on materials from carbon-intensive industries imported into the 27-member bloc. According to members of the Committee on the Environment, Public Health, and Food Safety (ENVI), the CBAM will include steel and aluminum as well as hydrogen imports. In a December 13 news conference, CBAM rapporteur…