Industry News

China’s aluminum & copper companies may face risk of losses after export tax rebates canceled

Views : 104
Update time : 2024-11-28 16:29:20
Starting from December 1, 2024, China will cancel the export tax rebates for some aluminum and copper products, increasing export costs.

In the short term, rising production costs for aluminum and copper processing companies may lead to export losses, forcing companies to adjust product mix and export prices.

However, in the long run, this policy will help reduce the export of low-end products, increase the added value of products, promote industrial upgrading and structural adjustment, and improve China’s international competitiveness.

At the same time, the policy will also prompt some excess production capacity to exit the market and optimize the structure of China's copper and aluminum processing industry.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11