China has introduced a 9% export rebate for some copper semis and raised export rebate for copper foil, effective on January 1, 2015, a statement issued by the Ministry of Finance shows.
The statement indicates a new 9% export rebate for copper bar, rod and profile, and export rebate rise for copper foil from 13% to 17%.
“China reported net imports of copper semis in recent years despite its huge copper processing capacity and production, as most processors are unable to produce high-end products.