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
- Caspian Pipeline Consortium Reports Drone Attack on Marine Terminal
- Kazatomprom Acknowledges Sanctions-Related Risks as Earnings See Notable Drop
- Baikonur: Damage Reported at Launch Pad 31 After Soyuz MS-28 Liftoff
- Zelenskyy Announces Resignation of Andriy Yermak as Head of the Presidential Office
- Toqayev Signals Possible Review of District Akim Elections
- National Bank Holds Base Rate at 18% as Tenge Firms on Market Expectations
- Suleimenov Acknowledges Questions over Baiterek’s Regulatory Status
- Kazakhstan: Ruble Strengthens Amid Cash Surplus But Non-Cash Shortage — Economist Warns of Liquidity Split
- Ukraine: Anti-Corruption Agencies Search Presidential Chief of Staff Andriy Yermak's Premises amid “Midas” Probe
- Behind the Fences: How Kazakh Oligarchs Fight to Protect Their Foreign Estates
- Audit Finds 122 Billion Tenge in Inefficient Spending at Samruq-Qazyna — System Failures Identified
- Rocket Part Found Near Zhezkazgan: Video Goes Viral, Ministry Responds
- Yerlan Karin Explains Purpose of New Domestic Policy Principles
- Kazakhstan to Launch National Registry of Criminal Crypto Wallets
- Kazakhstan Blocks Over 50 Online Ads Recruiting Citizens for Russian Army
- Lukashenko Confirms Bakiyev Will Not Be Extradited
- North Korea Makes Russian a Mandatory School Subject from Fourth Grade
- Putin Blames Kazakh-Russian Border Gridlock on Crackdown Against “Shadow Imports”
- Qaznews24 Founder Temirlan Yensebek Summoned Again
- Akim Responds to Concerns Over Chinese Companies, Land Use and Foreign Labor