{"id":1124,"date":"2021-11-18T15:40:30","date_gmt":"2021-11-18T13:40:30","guid":{"rendered":"https:\/\/scrapad.com\/?p=1124"},"modified":"2025-01-14T11:54:31","modified_gmt":"2025-01-14T09:54:31","slug":"russia-to-lift-aluminium-export-tax-from-2022","status":"publish","type":"post","link":"https:\/\/scrapad.com\/en\/blog\/russia-to-lift-aluminium-export-tax-from-2022","title":{"rendered":"Russia to lift aluminium export tax from 2022"},"content":{"rendered":" \n    <div class=\"c-post--header\" style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2023\/09\/export-rusia-tax.jpg);\">\n        <a href=\"\" class=\"c-back-action\">\n            Go back        <\/a>\n        <h1>Russia to lift aluminium export tax from 2022<\/h1>\n\t\t<p class=\"c-post--author\">\n\t\t\tAuthor:\t\t\t<a href=\"https:\/\/scrapad.com\/en\/author\/scrapad-admin\/\">ScrapAd<\/a>\n\t\t<\/p>\n        <div class=\"c-post--meta\">\n            <p>18\/11\/2021<\/p>\n            <div class=\"c-post--actions\">\n                <a onclick=\"window.print()\" class=\"c-article__action\">\n                    <i class=\"large material-icons icon\">print<\/i>\n                <\/a>\n                <a data-clipboard-text=\"\" class=\"c-article__action\">\n                    <i class=\"large material-icons icon\">content_copy<\/i>\n                <\/a>\n                <span class=\"c-article__action share__trigger\">\n\t\t\t\t\t<i class=\"large material-icons icon\">share<\/i>\n\t\t\t\t\t<ul class=\"share__displays\">\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/facebook.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/share?text=&amp;url=\" target=\"_blank\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/twitter.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=&amp;title=&amp;summary=&amp;source=\" target=\"_blank\" rel=\"noopener\">\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/linkedin.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<a\n\t\t\t\t\t\t\t\thref=\"mailto:info@scrapad.com?&amp;cc=&amp;bcc=&amp;subject=&amp;body=\"\n\t\t\t\t\t\t\t\ttarget=\"_blank\"\n\t\t\t\t\t\t\t>\n                                <img decoding=\"async\" src=\"https:\/\/scrapad.com\/wp-content\/plugins\/scrapad-blocks\/assets\/icons\/share\/email.svg\" alt=\"\">\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t    <\/span>\n            <\/div>\n        <\/div>\n    <\/div>\n    \n\n \n    <section class=\"c-container \" style=\" background-color: #FBFBFB; background-size: cover; --xsPadding: 40px 25px 40px 25px; --smPadding: 40px 25px 40px 25px; --mdPadding: 80px 100px 80px 100px; --lgPadding: 80px 100px 80px 100px; --xlPadding: 80px 100px 80px 100px; --xxlPadding: 80px 200px 80px 200px;  \">\n        \n<div class=\"wp-block-scrapad-blocks-container c-post\">\n<div class=\"c-article__desc wp-block-scrapad-blocks-article-desc\">\n<p>In August of this year, Russia introduced an export tax of 15% on&nbsp;<a href=\"https:\/\/www.scrapad.com\/en\/materials\/aluminium\/\">aluminum<\/a>&nbsp;products, with a minimum of USD 254 per metric tonne, for a six-month period. The measure was intended to deter exports of primary metals in order to support domestic consumers, mainly in the defence and construction sectors, and protect them from further growth in raw material costs as global prices rose.<\/p>\n\n\n\n<p>It was expected that the tax would remain in place through 2022, however, it will end in December of this year due to the request of domestic producers and falling domestic prices. Domestic aluminium prices were down 0.5 per cent between May and October, while world prices jumped 18 per cent.<\/p>\n\n\n\n<p>The decision to remove the tax will increase global aluminium supplies, which has triggered a massive inventory sell-off that has led to sharp decline in prices. Aluminium has already fallen from a high of USD 3,300 per metric tonne to USD 2,700 in just over a month, and this\u00a0<a href=\"https:\/\/www.reuters.com\/article\/aluminium-prices-physical-graphic-idUSKBN2HP15Z\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>\u00a0publication cites several sources which suggest that the\u00a0<a href=\"https:\/\/scrapad.com\/en\/aluminium-price\/\" target=\"_blank\" rel=\"noreferrer noopener\">price of aluminium<\/a>\u00a0on the\u00a0<a href=\"https:\/\/scrapad.com\/en\/blog\/what-is-lme-london-metal-exchange\/\" target=\"_blank\" rel=\"noreferrer noopener\">LME<\/a>, as well as aluminium premiums, will fall even further.<\/p>\n\n\n\n<p>Among other factors causing the price slump is the recent increase in coal production in China, which has reduced aluminium supply concerns and made aluminium prices to hit their lowest level in more than three months last Friday.<\/p>\n\n\n\n<p>It remains to be seen whether we are seeing a pause in the aluminium bull run or an early turn to lower prices by 2022.<\/p>\n<\/div>\n<\/div>\n\t<\/section>\n    \n\n    <div class=\"c-container c-post--related\" style=\"background-color: #F7F5F2; --xsPadding: 40px 25px 40px 25px; --smPadding: 40px 25px 40px 25px; --mdPadding: 40px 25px 40px 25px; --lgPadding: 72px 100px 72px 100px; --xlPadding: 72px 100px 72px 100px; --xxlPadding: 72px 100px 72px 100px;\">\n        <div class=\"container\">\n            <h3 class=\"c-article__side__heading\">Other posts that may interest you\u2026<\/h3>\n        <\/div>\n        <div class=\"scrapad-blocks-related glide\" data-autoplay=\"4000\" data-views-desktop=\"3\" data-views-tablet=\"2\" data-views-mobile=\"1\" data-mode=\"slider\">  \n            <div class=\"container glide__track\" data-glide-el=\"track\">\n                <div class=\"row slider-mobile glide__slides\">\n                                                                         \n                            <div class=\"col-12 col-lg-6 glide__slide\">\n                                    <div class=\"c-blog__item\">\n        <a href=\"https:\/\/scrapad.com\/en\/blog\/are-magnesium-reserves-about-to-run-out-in-europe\/\" class=\"c-blog__item--inner\">\n            <div class=\"c-blog__item__header\">\n                <div\n                    class=\"c-blog__item__image\"\n                    style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2023\/09\/magnesio.jpg;\"\n                ><\/div>\n                <\/div>\n                <div class=\"c-blog__item_body\">\n                    <h4 class=\"c-blog__item__title\">Are magnesium reserves about to run out in Europe?<\/h4>\n                    <div class=\"c-blog__item__meta\">\n                        <span class=\"c-blog__item__date\">20\/10\/2021<\/span>\n                    <\/div>\n                <div class=\"c-blog__item__desc\">\n                    <p>The German metals industry, through the WV Metalle association, has sounded the alarm about a supply crisis similar to the one that has occurred with chips.<\/p>\n                <\/div>\n                <div class=\"c-blog__item__footer\">\n                    <span class=\"c-blog__item__link\">Show details<\/span>\n                <\/div>\n            <\/div>\n        <\/a>\n    <\/div>\n                                <\/div>\n                                                     \n                            <div class=\"col-12 col-lg-6 glide__slide\">\n                                    <div class=\"c-blog__item\">\n        <a href=\"https:\/\/scrapad.com\/en\/blog\/rising-shipping-costs-will-impact-on-business-and-consumers\/\" class=\"c-blog__item--inner\">\n            <div class=\"c-blog__item__header\">\n                <div\n                    class=\"c-blog__item__image\"\n                    style=\"background-image: url(https:\/\/scrapad.com\/wp-content\/uploads\/2023\/09\/encarecimiento-transporte-maritimo-scaled.jpg;\"\n                ><\/div>\n                <\/div>\n                <div class=\"c-blog__item_body\">\n                    <h4 class=\"c-blog__item__title\">Rising shipping costs will impact on business and consumers<\/h4>\n                    <div class=\"c-blog__item__meta\">\n                        <span class=\"c-blog__item__date\">07\/07\/2021<\/span>\n                    <\/div>\n                <div class=\"c-blog__item__desc\">\n                    <p>Global trade, both import and export, is being threatened\u00a0by\u00a0rising shipping prices. These prices have tripled in recent months.<\/p>\n                <\/div>\n                <div class=\"c-blog__item__footer\">\n                    <span class=\"c-blog__item__link\">Show details<\/span>\n                <\/div>\n            <\/div>\n        <\/a>\n    <\/div>\n                                <\/div>\n                                                            <\/div>\n            <\/div>\n        <\/div> \n    <\/div>\n    ","protected":false},"excerpt":{"rendered":"<p>In August of this year, Russia introduced an export tax of 15% on\u00a0aluminum\u00a0products, with a minimum of USD 254 per metric tonne, for a six-month period.<\/p>\n","protected":false},"author":2,"featured_media":1129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,15],"tags":[],"class_list":["post-1124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation","category-legislacion"],"acf":{"post_country":{"simple_value_formated":"<ul><li><a class=\"post-link\" href=\"https:\/\/scrapad.com\/en\/blog\/russia-to-lift-aluminium-export-tax-from-2022\" rel=\"bookmark\">Russia to lift aluminium export tax from 2022<\/a><\/li><\/ul>","value_formated":"","value":"","field":{"ID":0,"key":"field_64ef02d93e348","label":"Pa\u00eds","name":"post_country","aria-label":"","prefix":"acf","type":"relationship","value":null,"menu_order":0,"instructions":"","required":0,"id":"","class":"","conditional_logic":0,"parent":"group_64ef02d9ad6ee","wrapper":{"width":"","class":"","id":""},"post_type":["paises"],"post_status":["publish"],"taxonomy":"","filters":["search","post_type","taxonomy"],"return_format":"id","min":"","max":"","elements":"","_name":"post_country","_valid":1}}},"_links":{"self":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/1124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/comments?post=1124"}],"version-history":[{"count":5,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/1124\/revisions"}],"predecessor-version":[{"id":61003,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/posts\/1124\/revisions\/61003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/media\/1129"}],"wp:attachment":[{"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/media?parent=1124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/categories?post=1124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scrapad.com\/en\/wp-json\/wp\/v2\/tags?post=1124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}