Market sources in Asia were still weighing the news of Russia's plan to impose an export tax on ferrous and non-ferrous products, but there were growing expectations on Monday July 5 that the fourth-quarter premium for aluminium imports on a cif main Japanese ports (MJP) basis would rise even higher than the current level.
Russian aluminium will carry an export duty of 15% plus $254 per tonne from August 1 until December 31, the Russian government's press service has confirmed.Russia sells significant volumes of aluminium into Europe and Asia, and while several market participants were watching to see how the added duty...