Industry News

Russia mulling exempting export duties for 2 RUSAL’s new aluminum smelters

Views : 116
Update time : 2023-12-19 16:23:27
It was reported that Russia is considering a request of RUSAL, the world’s largest aluminum producer outside China, to exempt the export duties for two of its newest aluminum smelters, Taishet and Boguchansky, which account for approximately 10% of the company’s total production.

Viktor Yevtukhov, Deputy Minister of the Ministry of Industry and Trade of Russia, said the ministry is studying the workability of this decision.

Russia introduced export duties linked to the ruble-dollar exchange rate from October 1, 2023, until the end of 2024 on a wide range of goods.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices