Kazakhstan Lifts Gallium Export Duty
Photo: Foobar / Wikimedia Commons, CC BY-SA 3.0
Kazakhstan has scrapped a 10% export duty on gallium and temporarily banned the export of raw non-ferrous metals in a bid to boost domestic processing and position itself in the global high-tech materials market, Orda.kz reports.
The decision was made during a meeting of the Interdepartmental Commission on Foreign Trade Policy.
Authorities hope the removal of the gallium duty will encourage local industrial production of the metal, which is used in electronics, renewable energy, and advanced technologies.
Although Kazakhstan has not produced gallium in recent years, officials say the country has sufficient raw material reserves to enter the international market.
At the same time, the government has imposed a temporary export ban on copper, aluminum, and lead billets and ingots. The restriction applies to all transport modes and will remain in effect until December 31, 2025. The goal is to retain strategic raw materials for domestic processors, reduce the export of low-value goods, and stimulate growth in the country's non-ferrous metal refining sector.
The move comes amid growing interest in Kazakhstan’s reserves of rare and rare earth metals.
At least 15 deposits have been identified, and exploration is already underway by U.S., South Korean, and Canadian firms. Officials believe the country could become a key link in global supply chains for critical materials.
Original Author: Ruslan Loginov
Latest news
- Seasonal Truck Restrictions to Take Effect in Kazakhstan on March 23
- Kazakhstanis Are the Happiest in Central Asia: New Results in the Global Ranking
- Large-Scale Health Ministry Inspections Shut Down 174 Dental Clinics
- "Descendants Will Not Forgive Missed Opportunities": Tokayev on the Future of Kazakhstan and the Role of Science
- Tokayev Urges Shift From Humanities to Science and Technology
- Tokayev Criticized the Effectiveness of Science Funding in Kazakhstan
- Kazakhstan Breaks Into The World’s Top 40 Economies By PPP GDP
- Kazakhstan May Allow Dombras in Aircraft Cabins
- Kazakhstan To Assess Airlines’ Costs for Evacuating Citizens From the Middle East
- International Criminal Group Exported 88 Tons of Artemia From Kazakhstan
- Kazakh Ambassador to Russia Speaks About the Russian Language After the Referendum
- Kazakhstan May Introduce Drug Testing, Mortgage Perks, And New Restrictions For Civil Servants
- Who Paid the Most Taxes in Kazakhstan’s Trade Sector
- Kazakhstan Plans School-to-Civil Service Pipeline to Boost Youth Recruitment
- School Textbooks To Be Rewritten Again In Kazakhstan
- Suspect In Serial Fraud Case Extradited To Kazakhstan From Russia
- The National Bank Will Be Less Likely To Inform Kazakhstanis About Inflation
- Kazakhstan Extends Toll Road Payment Deadline
- Kazakhstan’s Industry Fell 3.1% In January–February Despite February Growth
- From Utilities to Security, Kazakhstan Approves New Smart Cities Methodology