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