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
- Defense Ministry Explains Drone Crash In Zhambyl Region
- Kazakhstan Refuses To Ease Access To Hazardous Work Payments
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains
- Tengiz Oil Production Gradually Restored After Operational Failure
- Tokayev Meets Cuban Vice President To Discuss AI And Medicine
- Karaganda Zoo Shows Newborn Amur Tiger Cubs For The First Time