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
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers