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BOB Wigs
Metals market participants are taking stock of Russia's plan to impose export duties on a variety of ferrous and non-ferrous products exported outside of the Eurasian Economic Union (EAEU), with nickel and aluminum prices rising sharply today and some ferro-alloy traders scrambling to get Russian material trucked across the border before the duties take effect. In order to protect the domestic market, Russia's Ministry of Industry and Trade proposed duties that would be in effect from 1 August to 31 December 2021. The income from ... more