The Conversation (0)
Bloomberg reported that China has raised molybdenum and other metals resource taxes in an effort to conserve reserves.
Bloomberg reported that China has raised molybdenum and other metals resource taxes in an effort to conserve reserves.
As quoted in the market news:
The resources tax on tin was increased to as much as 20 yuan a ton and that on molybdenum, used to harden steel, was raised to as much as 12 yuan a ton, said China Taxation News, a publication of the State Administration of Taxation.