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2014 FORECAST: Trading rules changes likely to hit noble alloys

December 31, 2013 - 14:46 GMT Location: London

KEYWORDS: legislation , taxes , molybdenum , titanium , noble alloys

The noble alloys market will see changes in the coming year as China potentially alters its export tax on metals including tungsten and molybdenum, and as the EU amends its trade rules.

The Chinese government announced on December 11 that it had decided to keep export taxes on ferro-alloys for 2014, according to a statement posted on the ministry of finance website, but it did not specify for how long or whether these taxes might be lowered, as they are still deemed "provisional". Ferro-tungsten and ferro-molybdenum are currently subject to a 20% export tax in China, and APT to a 5% tax, and for the time being, it appears this is likely to remain the case. However, these taxes are the subject of a dispute being arbitrated by the World Trade Organization, as countries including the USA, Europe, Canada and Japan have challenged the export restrictions applied to various forms of tungsten, molybdenum and rare earths. The...

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