China’s tax imbedded in moly price traders

Dec 06, 2006 | 06:45 AM |

Molybdenum prices are not expected to fall from the heights they reached following China's imposition of a 10-percent export tax, according to market sources.

The Chinese government announced widespread changes to import and export taxes affecting steel, base metals, minor metals, ferroalloys and scrap in an effort to cut its massive trade surplus (AMM, Oct. 30). The new tax regime was effective Nov. 1.....

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