You are here

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

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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes