You are here

China will remove exports taxes on rare earths, aluminium rods and bars on May 1

Thursday, April 23, 2015 - 10:57
CHINAEXPORTS1.jpg
China will remove taxes on exports of rare earths, ferroalloys, tungsten, molybdenum and indium from May 1, the Ministry of Finance said in a statement on Thursday.

[HONG KONG] China will remove taxes on exports of rare earths, ferroalloys, tungsten, molybdenum and indium from May 1, the Ministry of Finance said in a statement on Thursday.

The Ministry of Commerce had earlier flagged that taxes on rare earths would be scrapped from May.

China will also remove taxes on exports of non-alloyed and alloyed aluminium rods and bars from May 1, the statement said.

China is the world's top producer of most metals.

REUTERS