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.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here