Chinese Ministry of Finance said on Wednesday that next year unwrought molybdenum and molybdenum powder export tariffs will be down from this year’s 15% and 10% to 5%.
Secretary for the Ministry of Finance published in the tariff rate table shows, China next year, unwrought indium, indium and indium powder waste scrap export tariffs from 10% -15% this year, fell to 5%.
This is undoubtedly the good news for the export of molybdenum products for many manufacturers and companies.
By the economic crisis, China’s import and export business has shrunk a large number over the past year, many foreign trade enterprises to the brink of collapse or failure. Especially the iron and steel industry
The introduction of this policy will greatly stimulate the development of China’s nonferrous metals industry. In the coming new year I believe that non-ferrous metals industry will lead the recovery, stimulating the development of the domestic economy.