Russia levies export duty on aluminium [CORRECTED]

Russia-origin aluminium will carry an export duty of 15% with a minimum rate of $254 per tonne from August 1 until December 31 this year, according to the Russian government.

Export duties have been approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree on Friday June 25.
Primary aluminium, under harmonized system code 760110, will also be taxed.
Some more specific aluminium alloys were included in the list but, notably, products such as aluminium bar, rod and profiles were not targeted.
The duty will be imposed at a 15% base rate and a specific rate of $254 per tonne.

The aluminium 3 months, London Metal Exchange Daily Official price closed at $2,535.00 per tonne on July 2, up from $2,497.50 per tonne the...

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