Market braces for magnesium tax possibility
Dec 22, 2006 | 10:41 AM
| Meghann McDonell
U.S. magnesium prices could shoot up next year if China decides to slap an export tax on the metal, traders 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 this year designed to reduce China's exports of raw materials and ease its massive trade surplus with Western nations.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.