Aluminum Tarriff

rffrydr · Posted: Tue Oct 24, 2006 3:58 pm Post subject: Aluminum Tarriff

Reuters is running a story today saying that China's demand for imported primary aluminum and scrap has plunged over the past two weeks, as fabricating plants are balking at paying import duties. Many aluminum-fabricating plants in Guangdong are owned by Hong Kong and Taiwanese firms, and have used the duty-free policy for years to import primary aluminum for use in products that would then be exported duty free. "Nobody wants to take aluminium now," a trader for one international trading house was quoted as saying.

BHP Billiton said aluminum production in the three months ending September was up 1 percent to 337,000 tons, a record high. BHP Billiton said output of alumina rose 5 percent to 1.078 million tons.

rffrydr · Posted: Wed Mar 14, 2007 8:12 am Post subject:

http://www.resourceinvestor.com/pebble.asp?relid=29778

Scrap substitution continues to grow share. And then there's the Fund thing, "The market is suffering from a lack of funds currently," said analyst Yang.
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Sun Feb 18, 2007 11:33 am Post subject:

Like food in decades past, China continues to show remarkable ability to supply it's own demand:

http://www.resourceinvestor.com/pebble.asp?relid=28486
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Sun Feb 18, 2007 8:44 am Post subject:

Chalco "at 30% cheaper than Alcoa is a steal"

http://www.bloggingstocks.com/2007/02/16/global-gains-double-digit-dividends-in-commodities/
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Tue Feb 13, 2007 8:44 pm Post subject:

China back in the copper market on a big metals day all over:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ.6Pe7FA8Xg&refer=home

How much new year front running?

rffrydr · Posted: Tue Jan 30, 2007 9:01 am Post subject:

Zinc: another sign that when it comes to consumption, China is self-correcting. The Australian Bureau of Agricultural and Resource Economics sees the 2007 zinc deficit as being closer to 100,000 tons, down from about 420,000 tons last year. "We see China coming on strong as a supplier, which will help reduce the deficit..." an analyst at the group said.
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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Fri Oct 27, 2006 10:08 am Post subject:

China raises export taxes on metals, petroleum, and steel in an effort to discourage overinvestment in these industries and to prevent a surge in exports that usually takes place when these sectors feel domestic pricing pressures. Export tax on copper, nickel, aluminum and other metal products will rise to 15 percent, crude oil, coal and coke will see a 5 percent tax, while the tax on pig iron, steel billet and other steel products will be 10 percent. The authorities will reduce tariffs on many raw material imports--taxes on coal, oil products, alumina, and other natural resources would drop from 0 to 3 percent from 3 to 6 percent. The changes take effect Nov. 1st, and follow the reduction or elimination of tax rebates on steel and metals exports announced in September.
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Today is the Tomorrow you worried about Yesterday!