Rio Tinto gets bump as China adjusts export rebates
Portfolio Pulse from
China's removal of the 13% tax rebate on copper and aluminium semi-finished exports has led to a surge in LME aluminium prices by over 7%. This decision positively impacts bulk miners like Rio Tinto.
November 18, 2024 | 11:00 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rio Tinto is likely to benefit from China's removal of the 13% tax rebate on copper and aluminium semi-finished exports, as it has led to a significant increase in LME aluminium prices.
The removal of the tax rebate by China has directly led to a surge in aluminium prices, which benefits Rio Tinto as a major player in the mining sector. The increase in prices can lead to higher revenues for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80