Industry News

UK plans to ban importing Russian aluminum & other commodities

Views : 222
Update time : 2023-05-22 17:24:51
According to the report, the UK plans to impose extreme restrictions upon aluminum and other commodities.

British Prime Minister said that it would legislate later this year to ban imports of Russian diamonds and end all imports of Russian-origin copper, aluminum, and nickel.

However, the ban is expected to have a mild impact. Since the war, Russian exports of aluminum and other commodities to the UK have dropped as the tariffs came into effect. Last March, the UK decides to impose 35% of additional duties on Russian aluminum, aluminum alloy, copper, and lead.
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