China introduces New Year export tax on metals; halves import tax on ferro-chrome...

摘要

China has introduced export taxes on tungsten, molybdenum, indium and chromium, but cancelled taxes on some copper fabricated products. The new taxes were imposed on January 1 and have been introduced on products whose production is considered energy intensive and harmful to the environment, according to the Ministry of Finance. Exports of unwrought tungsten, tungsten powder, tungsten oxide, tungsten carbide and ammonium paratungstate (APT) now have a 5-percent export tax rate. The products were previously duty free. Unwrought molybdenum, molybdenum scrap, molybdenum powder, unwrought indium, indium scrap, indium powder, unwrought chromium, chromium scrap and chromium powder exports have been taxed 15 percent. Export taxes on certain copper fabricated products, including copper and brass bar, copper and brass wire; copper, and copper-nickel, were cancelled. Export taxes for the copper products were raised to 10 percent last year. No reason was given for the reversal.