Russia to Peg Nickel Export Duty to LME Prices

[2011-04-28 17:08:07]


Russia will peg its export tariff for nickel currently fixed at 10 percent to the metal prices on the London Metals Exchange (LME), a government order seen by Reuters on April 28, 2011 showed.

The tariff will be set on a quarterly basis and will apply if the nickel price is equal or above $12,000 per tonne, the order said.
Source: Reuters
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