EU Carbon Border Tax CBAM, a growing concern for Africa17 February 2023 – African countries could lose 30 to 35% of their exports to Europe with the introduction of the EU Carbon Border Tax (CBAM), according to a recent study. Indonesia wants to maintain its bauxite export ban, but is having growing problems finding investors for bauxite and nickel smelters. The United States is increasingly turning away from China and restructuring its supply chains. Source