Jan 09, 2026 14:50

To All Relevant Enterprises and Market Participants: In accordance with the relevant policy requirements of the European Union's Carbon Border Adjustment Mechanism (CBAM), which officially entered its charging phase on January 1, 2026, with aluminum products included in the first batch of covered goods, SMM has decided to adjust the premium price for European Rotterdam P1020A aluminum ingot, duty-paid. This adjustment, approved by the SMM Price Assessment Committee, aims to accurately reflect the actual trade costs in the European aluminum ingot market post-CBAM implementation and to ensure the fairness, timeliness, and reference value of SMM prices. The specific details of the announcement are as follows: