How China’s Tax Cuts Impact Global Metal Stocks

Export Tax Rebates Reduced: China cuts or cancels export tax rebates on aluminium, copper, batteries, and more, effective December 1, 2024

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Aluminium Prices Surge: Aluminium futures on the London Metal Exchange jumped 6.6%, hitting $2,672/ton, driven by China’s export policy changes

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Global Supply Tightens: As the top aluminium producer, China's policy shift fuels concerns of tighter global supply and rising metal prices

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Metal Producers Benefit: Hindalco, Nalco, and Vedanta stocks rise as tighter supply could boost profitability for metal producers

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Trade Tensions Rise: China’s move adds to trade tensions, curbing short-term exports and impacting global supply chains

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