Russia Nickel Export Duty $1,245.5 As Of Mar 5-Shanghai Metals Market

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Russia Nickel Export Duty $1,245.5 As Of Mar 5

Industry News 09:42:43AM Feb 08, 2012 Source:SMM

MOSCOW, Feb.8 -- Russia's nickel export duty as of March 5 will go down to $1,245.5 per metric ton from the current $2,117.8, according to the government decree published Tuesday on a government internet site.

The Russian government in April 2011 replaced a 10% fixed nickel export duty with a sliding duty, which depends on the prices on London Metals Exchange.

The duty is fixed every quarter after the Economic Development Ministry monitors prices on LME in the previous quarter.

 

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Russia Nickel Export Duty $1,245.5 As Of Mar 5

Industry News 09:42:43AM Feb 08, 2012 Source:SMM

MOSCOW, Feb.8 -- Russia's nickel export duty as of March 5 will go down to $1,245.5 per metric ton from the current $2,117.8, according to the government decree published Tuesday on a government internet site.

The Russian government in April 2011 replaced a 10% fixed nickel export duty with a sliding duty, which depends on the prices on London Metals Exchange.

The duty is fixed every quarter after the Economic Development Ministry monitors prices on LME in the previous quarter.