Russia imposes temporary export ban on precious metal scrap

The Russian government will enforce a temporary export ban on waste and scrap of precious metals from December 1, 2024, to May 31, 2025, to bolster the operations of its domestic refining enterprises, Mysteel Global learned from Russia's state media Sputnik.

"A temporary ban on exporting precious metal waste and scrap ... will increase the workload of Russian refining enterprises," the government said in a statement on Saturday. The six-month restriction is set to support the country's domestic processing industries by ensuring a steady supply of raw materials. Under the ban, Russia will