Industry News

RUSAL hopes to cancel aluminum export tax in Russia

Views : 149
Update time : 2021-07-26 20:09:52
Oleg Deripaska, the founder of RUSAL, believed that the export tax for aluminum, which will be effective on August 1, should be canceled.

Roman Andryushin, RUSAL's general director for sales in Russia, the CIS, and China, thought that the price of aluminum is not a peak, and the cost of production has increased significantly. Therefore, if the government's goal was to withdraw excess profits, the company in fact does not have it.

Analysts said that RUSAL will be the most affected company from the new export policy in Russia. The firm may lose 24% of EBITDA.
Related News
Read More >>
LME nickel rises on China liquidity and Indonesian sanctions LME nickel rises on China liquidity and Indonesian sanctions
Sep .30.2025
LME nickel rises on China liquidity and Indonesian sanctions
Arconic to fully run new high purity aluminum facility on Oct 1 Arconic to fully run new high purity aluminum facility on Oct 1
Sep .30.2025
Arconic to fully run new high purity aluminum facility on Oct 1
Taiwan’s Yusco announces hike in 304 stainless steel prices for Oct Taiwan’s Yusco announces hike in 304 stainless steel prices for Oct
Sep .30.2025
Taiwan’s Yusco announces hike in 304 stainless steel prices for Oct
Aluminum price recovery fuels Press Metal's strong H2 growth Aluminum price recovery fuels Press Metal's strong H2 growth
Sep .30.2025
Aluminum price recovery fuels Press Metal's strong H2 growth