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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (197)	6/12/2001 1:59:14 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

China's Expected WTO Entry to Boost Metals Demand platts.com High automobile production would not only stimulate demand for aluminum and aluminum alloys, it would also fuel demand for zinc, lead, copper and ferroalloys. "China's entry into WTO is expected to stimulate the automobile industry, which will use more storage batteries," an official from the Lingnan Lead Zinc Group said. Automobile batteries are the largest end-use for lead. Magnesium demand would rise due to its use in aluminum alloys that go into making automobile body parts, while demand for palladium would firm because of its use in catalytic converters. Ferromolybdenum demand would strengthen in higher consumption by makers of engine parts. And zinc and nickel demand could firm if advances are made in the use of fuel cells. Market players expect China to lower import taxes on most metals, but see the export quota system remaining intact. "Currently China has imposed an import duty of 9% and a value-added tax of 17% on imports of aluminum," a Hong Kong trader said. "But if China cuts the tax, aluminum imports would surely increase."