Loading prices...

Register/Sign in
ScrapMonster
Aluminum May 20, 2024 02:25:58 PM

Group Steps Up Call to Bar Russian Aluminum

Paul Ploumis
ScrapMonster Author
The EU has been discussing a planned 14th package of Russian sanctions this month, but aluminum has not been mentioned in the European Commission’s proposals so far.

Group Steps Up Call to Bar Russian Aluminum

SEATTLE (Scrap Monster):  Industry group European Aluminum has stepped up its long-running call for the European Union to expand its sanctions regime on Moscow, saying the EU could live comfortably without major Russian aluminum products.

Russia’s Rusal the world’s largest aluminum producer outside China, said the main victims of such measure would be the European consumers.

“It’s getting harder and harder to justify the continued exclusion of aluminum ingots from the scope of EU sanctions on Russia,” Paul Voss, director general at European Aluminum, said in a statement on Friday.

“We could live comfortably without it, and we should.”

The EU has been discussing a planned 14th package of Russian sanctions this month, but aluminum has not been mentioned in the European Commission’s proposals so far.

The EU already has bans in place on Russian-made aluminum wire, foil, tubes and pipes, but imports of Russian aluminum ingots, slabs and billets – 85 percent of the EU’s aluminum imports from Russia – remain excluded from the measures. The US and Britain previously banned Russian aluminum imports.

European Aluminum has been lobbying the EU for a ban on Russian-made aluminum over Moscow’s invasion of Ukraine, while stressing that sanctions should avoid Rusal, which has operations in Ireland, Sweden and some other countries.

EU’s 2023 imports of Russian-made primary aluminum fell by 45 percent to 1.25 billion euros ($1.35 billion), according to the group. Russia accounts for 8 percent of the EU’s ingot imports, it added.

The group is calling for an EU import ban of Russian aluminum ingots, slabs, and billets and proposes the measures include indirect imports of Russian ingots via semi-finished products from third countries.

Rusal said the proposed measures would hit EU’s small- and mid-sized downstream companies.

“Rusal has been operating in Europe for more than 20 years,” it said in an emailed comment. “We hope for a balanced and reasonable approach from the EU authorities.”

 Courtesy: www.malaya.com.ph

 

How to Recycle

Simple Ways to Dispose of Tires

Simple Ways to Dispose of Tires

Are you in search of some simple and eco-friendly methods to help you responsibly dispose of tires, then read our blog post to learn more.
Recycling and Disposal of Light Bulbs – More to Know

Recycling and Disposal of Light Bulbs – More to Know

Proper disposal of all types of light bulbs, protects the environment and recovers valuable materials.
How to Get Rid of Shredded Paper - Recycling Options

How to Get Rid of Shredded Paper - Recycling Options

Thinking how to get rid of shredded paper? Well, there are many recycling options. Read More.
powered by RecyclingMonster
×

Quick Search

Advanced Search