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3 Min Read LONDON (Reuters) - Plans by Russia to impose taxes on exports of aluminium, a vital material for transport and packaging, have fueled a surge in spot market costs for consumers in Europe and the United States. FILE PHOTO: A worker stores aluminium ingots at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. REUTERS/Ilya Naymushin Moscow is proposing a 15% export tax on aluminium exports or a minimum of $254 a tonne between August and December. The tax will apply to Rusal, which accounted for 6% of global supplies estimated at 65 million tonnes last year. Consumers purchasing aluminium on the physical market pay the benchmark aluminium price (CMAL3) on the London Metal Exchange (LME) plus a premium, which covers transport and handling costs and taxes.

United statesCity ofUnited kingdomJorge vazquezEoin dinsmoreKim coghillPratima desaiAnastasia lyrchikovaThomson reuters trust principlesLondon metal exchangeThomson reuters trustஒன்றுபட்டது மாநிலங்களில்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஜார்ஜ் வாயிகெஸ்எயாய்ந் டின்ஸ்மோர்