Constellium CEO Jean-Marc Germain warned on Friday, December 5, that the carbon border adjustment mechanism (CBAM) — meant to shield EU industry from competitors facing weaker environmental rules — may be open to circumvention, remarking that “the road to hell is paved with good intentions.”
The head of the aluminium group, which generated USD 7.3 billion in revenue in 2024, is urging that the material be exempted from the regulations due to take effect in 2026, alongside steel, cement,…
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Europe