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Copper: Chile maintains plan for a new mining profit tax of up to 32% linked to prices
Chile's Finance Minister, Mario Marcel, presented a tax reform bill on Friday that increases royalties on copper mining for companies producing more than 50,000 tonnes per year and raises taxes on high incomes to finance social programmes and reforms proposed by the...
Alumina/bauxite: the imports into China in May reached a record level
China's bauxite imports reached a monthly record of 11.97 million tonnes in May, up 31.4 per cent year-on-year, according to data from China's General Administration of Customs on 24 June. Imports have remained above 10 million tonnes for five consecutive months,...
Steel and aluminium: US to increase tariffs on some imports from Russia to 35 per cent
The United States will increase tariffs to 35% on some steel and aluminium products imported from Russia in a move that will affect 570 different product groups in various sectors. According to President Joe Biden, the increase in rates to 35% on certain other...
Copper: Codelco sees a ‘very stable’ copper price despite recent decline
The chairman of the board of Chilean copper giant Codelco Máximo Pacheco, sees a stable copper price despite the recent drop. The comments come as copper prices recorded their biggest weekly drop in a year, as investors fear that central banks' efforts to curb...