China planning to trim alumina import tax

Dec 14, 2005 | 08:28 AM | Vivian Teo

China will cut its import tax on alumina to 5.5 percent from 8 percent currently beginning Jan. 1.

Import duties for more than 100 products will be reduced Jan. 1 as China meets its commitments under its World Trade Organization membership, the Ministry of Finance said in a statement. Items affected include chemical raw materials, vegetable oils, automobiles and automotive parts.

The cut in the alumina import tax will help some aluminum smelters deal with surging alumina prices, which recently exceeded $600 per tonne, market participants said.....

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