China’s proposed US copper concentrate tax said to set off swap scramble

China’s threat to impose import taxes on US copper concentrates looms over the market for mined copper, leaving consumers and traders scrambling to swap cargoes scheduled for Chinese ports, sources directly involved in the trade told Metal Bulletin.

On Friday August 3 the Chinese Ministry of Finance said it would impose a 25% import tax on US origin copper concentrates and also tax 5,206 other products, if the US...

Published

Archie Hunter

Julian Luk

August 09, 2018

22:05 GMT

London