The Russian government's committee on protective measures in foreign trade and customs and taxes policy has recommended removing the import duty on scrap copper for nine months in order to provide raw materials base for Russian copper manufacturing.
The decision was made in order to enlarge the raw materials base for copper production in the light of the decrease in resources in Moldova and Kazakhstan which are the main suppliers of copper raw materials.
At the end of this week new export duties for nickel, copper, and copper alloys come in to force.
In January the Russian government made the decision to remove export duties for non-alloyed nickel and copper cathodes. (Export duties before were 5% and 10% respectively). Duties for refined copper and copper alloys remain at 10%.
The biggest Russian cooper producers are “Nornickel” and UGMK (Ural Mining an Metallurgical company).
Source: Rusmet
1 comment:
Nice Info! There are lots of metal like copper, iron, aluminum which when not used for a long period of time they will become useless so it always a good choice that to sell it.
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