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.

 

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.