Canberra claims its exports account for 20% of Russia’s alumina needs
© Getty Images / Greg Pease
Australian authorities have prohibited all exports of alumina and bauxite to Russia in a bid to limit Moscow’s capacity to produce aluminum, according to a joint statement from several ministries, including the prime minister’s office.
“Russia relies on Australia for nearly 20% of its alumina needs,” the statement read.
“The government will work closely with exporters and peak bodies that will be affected by the ban to find new and expand existing markets.”
Anglo-Australian mining major Rio Tinto holds an 80% stake in Queensland Alumina in a joint venture with Russia’s Rusal International, which is currently ranked as the world’s number one aluminum producer.