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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (25560)	11/15/2006 2:53:15 PM
From: Mr. Aloha	Read Replies (1) \| Respond to of 78410

They decreased the rebates on base metals exports, which has the same effect as increasing tarrifs -- curtailing the activity by decreasing the profits from exporting. I think I heard they're going to eliminate the rebates completely.

To: koan who wrote (25560)	11/15/2006 7:33:56 PM
From: RealMuLan	Respond to of 78410

>>but I am quite sure China recently increased tarrifs on exporting base metals and decreased tarrifs on importing base metals.<< Yes, as recent as November. Here is the latest change, starting from Nov. 1st, China increases the export tax for the product of copper, nickel, oil, steel, and other types of metals, as well as oil, coal, and cocking coal (but most of these tax still will be refund in tax rebate form). And tariffs for refined oil, coal, Alumina, and other resources will be reduced from 3-6% to 0-3% Starting from Nov. 22nd, China has banned some raw materials export under processing trade, including copper, nickel, chromium, lead, and black metals (whatever that include<g>), as well as no more exports of furniture using domestic lumber (those used imported lumber are ok to export and still get rebates). China also banned imports of some raw precious metals and high grade copper mine (no more using cheap energy and cheap labor in China to process raw precious metals and leave plenty of pollution behind). As many as 8 hundreds of merchandise/goods have been included in the processing trade. The problem is that China has exported raw materials, without control, for the last 28 years. Plenty of reserves have been dramatically reduced, if not exhausted.