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In just a month, aluminum exports grew by more than 775% in Russia
In Russia, the export of unprocessed aluminum increased from January to July 2021. The dynamics in physical terms amounted to 337,8%, and in monetary terms - 461%. At the same time, in just a month - from June to July 2021 - the growth rates amounted to 775,7% by weight and 869% in monetary terms.
According to According to Federal Customs Service, for seven months of 2021 exporters exported more than 4,6 million tons of aluminum for 10,2 billion US dollars. At the same time, in July alone, 3,01 million tons of metal was exported for 7,3 billion US dollars.
As specifies “Merchant», From August 1 to December 31 in Russia there are duties on the export of ferrous and non-ferrous metals. This was supposed to restrain the growth of prices for metal products in the domestic market. However, after the coup in Guinea, the cost of metals rose.