China Ends Export Tax Rebate for Aluminum, Copper From Dec.

China to address world’s overcapacity concerns by cutting export-tax rebate
Move seen discouraging vicious low-price competition and outsized industry expansions, and Chinese manufacturer profits could take a hit.
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.
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.
Five Points of Impact! China's PV cuts 4% export tax rebate rate a big deal
On November 15, China's Ministry of Finance and the State Administration of Taxation announced a reduction in the export tax rebate rate for certain
Malaysia's Aluminum Stocks Rise After China Ends Export-Tax Rebate
Shares of Malaysian aluminum companies rose after China's finance ministry said it would end an export-tax rebate for the base metal.
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.
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 Aluminum jumped 10%.
China ends tax incentives on aluminium exports
In the near term, the cancellation of rebates will make Chinese aluminium more expensive on the international market and could lead to a reduction in export volumes. Chinese aluminium exports have surged over the past two decades. In the first half of 2024, they rose 13% year-on-year.
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 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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