Market braces for possible Chinese export tax on magnesium

Dec 21, 2006 | 09:12 AM | Meghann McDonell

U.S. magnesium prices could shoot up next year if China decides to slap an export tax on the metal, trade sources warned.

Market sources said China could be planning to introduce a 10-percent tax on all magnesium exports early next year in line with similar moves earlier this year designed to reduce China's exports of raw materials and ease its massive trade surplus with Western nations.....

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