Your company's own AI strategy team
For mid‑sized manufacturers: Pragmon AI tracks your markets, prices, rules and rivals, and shows what each change does to your profit.
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Programmes
See what each outside change does to cash profit
Cash profit outlook
October 2026
Cash profit falls 30% by 2027; the carbon charge makes most of the fall
Cash profit, 2025 to the 2027 base
€ thousand
−1,100
2025
1Carbon charge
2Salaries
3Energy
2027 base−30%
1Carbon charge. Free allowances shrink each year; EU carbon price at €86 a tonne
2Salaries. Up about 5% a year
3Energy. Gas for 2027 delivery at €55 a megawatt hour
Cash profitCost Ardent cannot pass on
What moved
Change on a year
- Aluminium on the exchange+26%€2,846 a tonne, year to 30 Sep 2026
- European gas+90%€62 a megawatt hour in August 2026, against August 2025
- EU carbon border chargeIn forceSince 1 January 2026; EU buyers pay it from 2027
- Ban on Russian aluminium31 DecThe last exemption ends
Pragmon AI shows the cash profit outlook for a manufacturer: cash profit falls from 3,700 to 2,600 thousand euros by 2027, a fall of 30%. The carbon charge takes 600 thousand euros, salaries 400 thousand and energy 100 thousand.
A real manufacturer, name and figures changed.
What it tracks for your company
Each area priced in profit and sourced.
Metal is up 26% on a year; the margin over metal is down 14%
Change on a year, to 30 Sep 2026
Metal it buysExchange price, €2,846 a tonne
+26%Its margin over metalSelling price less metal
−14%Source: London Metal Exchange; Ardent's sales
Europe uses 2% more extrusions in 2026, and 24% more by 2035
Use in Europe, thousand tonnes
3,480
+2%
3,560
+24%
~4,420
2025
2026
2035
UseGrowthActual ┆ Forecast
Source: AL Circle, 27 Aug 2026
Europe has 12% of world capacity and 10% of use; a Spanish rival adds 16,000 tonnes
Share of world extrusion
Capacity12%
Use10%
Source: AL Circle, 16 Sep 2026
Converting a tonne costs 77 euros more in 2026, and half of that is the carbon charge
Rise in conversion cost, € a tonne, 2025 to 2026
€516 → €593 a tonne+€77, +15%
Source: Ardent's accounts; energy exchanges
The carbon charge is in force; Russian aluminium is barred from 2027
Stage reached at 30 Sep 2026
ProposedProp.AgreedAgr.AdoptedAdopt.In forceIn force
EU carbon border charge1,600 thousand euros for 2026Stage reached: In force
Duty on Chinese extrusions21% to 32%, renewal pendingStage reached: In force
Ban on Russian aluminiumLast exemption ends 31 DecStage reached: Adopted
UK carbon chargeFrom 1 Jan 2027Stage reached: Adopted
Source: EUR-Lex; UK government
43 risks ranked; a metal price fall on stock is the largest
Risks to 2027 cash profit
UnlikelyPossibleLikelySevere9104Material362Small234
Risks in each cellHolds the largest
Source: Risk register, 15 Oct 2026
Transport and electrical uses grow fastest, about 30% by 2035
Growth in use, 2026 to 2035
Source: AL Circle; Pragmon AI projection
Four dates before mid-2027 move the margin
- 3 Nov2026US midterms
- 31 Dec2026Russian aluminium exemption ends
- 1 Jan2027UK carbon charge starts
- Jun2027EU rules on the duty on Chinese extrusions
Source: EUR-Lex; UK government
Latest insights
All insights- +68%European gas, Jun to Sep
Gas and power took 1.8 points off a manufacturer's margin
- £39 a tonneUK CBAM
UK CBAM from 1 January 2027: what it adds per tonne of metal and cement