Uncertainty Looms Over Aluminum Prices as Chinese Exports Face New Tariff

Via Metal Miner A much-reported but little-understood development in the aluminum market this month has the potential to significantly alter the supply chain landscape for aluminum semi-finished metals in the year ahead. Beyond that, it could have serious repercussions for the price of aluminum around the globe. As my colleague Nichole already reported, China’s Ministry of Finance canceled the 13% VAT refund or rebate on exported aluminum and copper semi-finished products effective December 1. The summary of HS codes covered appears below.…