Russia Imposes a 10% Fixed Export Duty on Tungsten

4-traders reported that the Russian Federation is going to impose fixed export duties for tungsten ores and concentrates of 10 percent of their custom value.

According to the publication:

Exports accounted for 74% of the overall amount of manufactured tungsten concentrate in 2012, as compared to 48% the year before, while the introduction of export duties in late 2012 cut exports by 30% as early as the first half of 2013, to increase the use of industrial capacities from 22% to 34%. However, the normal performance of processing industries is impossible when less than 60-70% of their capacities are used.

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