Canadian nickel exporters eye EU carbon boost

The European Union’s Carbon Border Adjustment Mechanism (CBAM), which took full effect this month, has imposed a carbon price on products imported from non-EU countries, including steel, iron, aluminium and cement. 

European importers are now required to pay a carbon price equivalent to the cost of carbon allowances under the EU’s Emissions Trading Scheme, currently close to EUR90/tonne ($105/tonne).

On Dec 18, the European Commission proposed expanding CBAM to cover 180 downstream...