Aluminum Soars as China Cancels Tax Incentive on Metal’s Exports
Aluminum jumped alongside all other industrial metals after China canceled a tax rebate on exports of certain commodities.
Alcoa, Century Aluminum Shares Jump After China Cancels Export-Tax Rebate
Shares of Alcoa and Century Aluminum rose after China's finance ministry said it would cancel its export-tax rebate for aluminum. In midday trading Friday, Alcoa's stock was up 8.6%, while Century Alu
China Says To Scrap Export Tax Rebate For Aluminium, Copper
China's finance ministry said Friday it was cancelling export tax rebates for metals like aluminium and copper, and certain other goods, beginning next month.
China Ends Export Tax Rebate for Aluminum, Copper From December
China is ending its export tax rebate policy for aluminum and copper, while lowering it for some refined oil and battery products as overcapacity concerns have grown among global trading partners.
Aluminum price soars as China cancels tax incentive on exports
Aluminum soared as China announced it was removing a tax rebate that covers over 5 million tonnes of exports of the metal. Futures in London jumped as much as 8.5% following the announcement from the country’s Ministry of Finance, which didn’t give a reason for the change.
China to cut or cancel export tax rebates for products including aluminium
China's finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1. The country will reduce the export tax rebate rate for some refined oil products,
Aluminum Soars as China Cancels Tax Incentive on Exports
Aluminum soared as China announced it was removing a tax rebate that covers over 5 million tons of exports of the metal.
Aluminum Soars as China Scraps Tax Sweetener That Fueled Exports
Aluminum jumped on Friday after China said it would cancel a tax rebate that’s helped fuel a decades-long boom in exports and shielded an industry prone to overcapacity.Most Read from BloombergUnder Trump,
Alcoa jumps with aluminum futures as China cancels tax incentive on exports
Alcoa (NYSE:AA) +7.8% and Century Aluminum (CENX) +4.2% pre-market Friday as prices for aluminum and other industrial metals jumped after China canceled a tax rebate on exports of certain commodities.
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