China Raises Resource Tax on Tin

Industrial Metals

Bloomberg reported China increased resource taxes on tin and five other minerals on Friday.

Bloomberg reported China increased resource taxes on tin and five other minerals on Friday.

As quoted in the market news:

Tin ore with 40 percent content in Yunnan is about 120,000 yuan a ton, and the new tax for the highest grade is 20 yuan, according to Wu.

Click here to read the full Bloomberg report.

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