Industry News

RUSAL hopes to cancel aluminum export tax in Russia

Views : 129
Update time : 2021-07-26 20:09:52
Oleg Deripaska, the founder of RUSAL, believed that the export tax for aluminum, which will be effective on August 1, should be canceled.

Roman Andryushin, RUSAL's general director for sales in Russia, the CIS, and China, thought that the price of aluminum is not a peak, and the cost of production has increased significantly. Therefore, if the government's goal was to withdraw excess profits, the company in fact does not have it.

Analysts said that RUSAL will be the most affected company from the new export policy in Russia. The firm may lose 24% of EBITDA.
Related News
Read More >>
India's ISSDA looks for AD duties on stainless steel imports India's ISSDA looks for AD duties on stainless steel imports
May .13.2025
India's ISSDA looks for AD duties on stainless steel imports
India's ISSDA looks for AD duties on stainless steel imports India's ISSDA looks for AD duties on stainless steel imports
May .13.2025
India's ISSDA looks for AD duties on stainless steel imports
Rio Tinto & SMM finalize joint venture for Winu copper-gold project Rio Tinto & SMM finalize joint venture for Winu copper-gold project
May .13.2025
Rio Tinto & SMM finalize joint venture for Winu copper-gold project
LME nickel price surges on US-China trade talk hopes LME nickel price surges on US-China trade talk hopes
May .13.2025
LME nickel price surges on US-China trade talk hopes