Moscow July 7 news: Vedomosti newspaper quoted an industry source in Russia on Thursday as an unnamed industry and energy sources said that the Russian Ministry of Finance has drafted documents on the production of aluminum under the processing trade contracts for metals. The Russian government has repeatedly tried to ban the aluminum processing trade because the suspension of its tariffs resulted in the loss of the federal budget, and this time it is likely to approve the ban. The proposal was previously opposed by the aluminum industry. According to the processing trade contract, manufacturers import raw materials in the form of import tariffs and VAT, processed into primary aluminum and used for export. The Vedomosty newspaper pointed out that according to data from the Federal Customs Service, Russia exported 1.42 million tons of primary aluminum in January-April, with an average price of US$1,427/ton, while the average LME three-month aluminum price was US$2,493/year. Ton.
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