China's export tax bombshell rocks aluminium market
China's announcement that it will end tax rebates on exports of aluminium semi-manufactured products caused market mayhem on Friday and may have major long-term ramifications for the global aluminium supply chain.
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.
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 to cut or cancel export tax rebates for products including aluminium, copper
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,
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.
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 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,
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.
The Australian Financial Review1h
The country’s biggest aluminium smelter says green target unreachable
The new chief executive of Tomago Aluminium, the country’s biggest electricity user, says the venture’s goal of switching ...
Metal1d
Key highlights from the global aluminium industry, October 2024
In October 2024, the LME aluminium prices saw renewed strength despite the headwinds of a stronger US dollar and varied ...
China October aluminium output rises on firm demand, higher prices
China's October aluminium output rose from a year earlier, official data showed on Friday, with a firm demand outlook and ...
Constellium qualifies first aluminum coils from recycling center with Crown
Constellium (CSTM) announced that its newly inaugurated aluminium recycling center in Neuf-Brisach, France, has achieved a major milestone by ...
Letsrecycle.com18h
£3.4m funding to EMR for aluminium recycling project
EMR has received £3.4 million funding from the Advanced Propulsion Centre for a research project to build a new metals ...
China should use more aluminium and recycled copper, industry says
By Amy Lv and Mai Nguyen SHANGHAI (Reuters) -Using more aluminium and recycled copper would help China cope with scarce ...
Business Insider19h
First Aluminium Coils from Constellium’s New Recycling Center in Neuf-Brisach Qualified by Crown
PARIS, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM), a global leader in aluminium solutions and recycling, is proud to announce that its newly inaugurated aluminium recycling ...
moneycontrol.com1d
Nalco, Hindalco, Vedanta shares rise up to 9% as China cancels export tax rebates for aluminium
Nalco, Hindalco, Vedanta shares rose up to 9 percent on November 18 as China last week decided to reduce or cancel export tax ...
Vedanta Aluminium to offer 360-degree solutions to buyers on its Metal Bazaar platform
Vedanta Aluminium's Metal Bazaar offers app-based features, price risk management, and a 360-degree solution for SMEs in ...
Zawya21h
Oman unveils aluminium cluster in Suhar
MUSCAT: The Ministry of Commerce, Industry & Investment Promotion has launched the Aluminium Initiative in Suhar, located in ...
Yahoo1d
Cans for Cash initiative to boost aluminium recycling in Blytheville, Arkansas
Credit: Replenysh. Every Can Counts US, a partnership between aluminium beverage can manufacturers and aluminium suppliers, and recycling platform Replenysh have launched a new community-driven ...