China¡¯s cut of aluminium tax will exert export

Citigroup said that cut of aluminium export tax from 15% to 5% would exert export and support the high cost production industry. This would reduce the expectation of further output cut in China.

¡°This reveals China¡¯s transfer in policy which was committed to controlling expansion of aluminium industry; it also indicates how slow China¡¯s economic growth is.¡± Said a field people.

Some Chinese governments are reducing electric price for aluminium plants, which will prevent aluminium producers from cutting capacity due to high electric cost.

Slow down of industry production and electric consumption help to ease electric crisis which used to threat aluminium smelters some time earlier.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.