Chinese magnesium exporters unsettled by talk of 5-10 percent export tax

摘要

Chinese magnesium exporters are deeply concerned that a 5-10 percent export tax could be imposed on the light metal on January 1. "We will be hit hard. Present export prices are above 4,000 dollars per tonne fob, so 5 percent is not a small amount to absorb," a trader in north China said.