China to Tax Aluminum Alloy Additive Metals
[2011-07-04 15:03:49]
China may impose export taxes on aluminium alloy additives such as silicon, magnesium and zinc purchased in the domestic market in a move that could lead to new taxes on other alloys containing base and minor metals.
Industry sources said that exports of unwrought aluminum alloy such as grade ADC12 which trades on the London Metal Exchange are subject to a 15% export tax. But the exports can be duty free if these alloys are made from imported materials.
Source: Chinamining.org
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