Alcoa jumps with aluminum futures as China cancels tax incentive on exports
Aluminum and other industrial metals surge as China cancels tax rebate on exports, leading to pre-market gains for Alcoa and Century Aluminum.
Aluminum Soars as China Cancels Tax Incentive on Exports
Aluminum soared as China announced it was removing a tax rebate that covers over 5 million tons of exports of the metal.
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 Alu
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. The country will reduce the export tax rebate rate for some refined oil products,
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.
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.
LME clearing house unveils reforms, to triple member capital requirements
The London Metal Exchange's clearing house proposed reforms on Thursday to boost stability including tripling the capital ...
LME to Triple Clearing Members Capital Needs After Nickel Crisis
The London Metal Exchange’s clearing house plans to triple capital requirements for members in the latest reform aimed at ...
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Panic (Buying) in the Streets of London: Here's the 1 Stock Set to Benefit
The London Metal Exchange (LME) cash price, indexed to Platts benchmark Australian alumina assessment, closed last week at ...
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London copper gains on softer dollar but heads for weekly fall
London copper edged up on Friday as a softer U.S. dollar made greenback-priced metals cheaper to holders of other currencies, ...
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Copper hits two-month low on China demand angst
LONDON: Copper prices hit a two-month low on Wednesday as the dollar held firm and poor demand prospects in top consumer ...
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London Metal Exchange Index (.LMEX)
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Demand weakness helps cushion tin from supply problems
Tin demand last year was weaker than expected and is on course for only a modest recovery in 2024, according to the International Tin Association (ITA).
Copper Extends Slump on Tepid China Economy and Dollar Strength
Copper declined for a third consecutive session as China’s sputtering economy and a strong dollar keep pressure on industrial ...
Stocks struggle on unease about higher bond yields as focus turns to US inflation
LONDON/TOKYO (Reuters) -World stocks dropped for a second successive day on Wednesday, jolted by another push higher in U.S.
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Zinc Market Tightens as Mine Supply Disruptions Rattle Buyers
Spot zinc prices have shot above later-dated futures on the London Metal Exchange, signaling a tight market as large buyers scoop up inventories and pile into futures at a time when a string of ...