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

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Published Thu, Apr 23, 2015 · 02:57 AM

    [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

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