China to cut import tariffs on some recycled copper and aluminium raw materials
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China announced it will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials starting next year. This move is likely to impact global markets for these commodities.
December 28, 2024 | 4:00 am
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NEUTRAL IMPACT
China's decision to cut import tariffs on recycled copper could influence the United States Copper Index Fund (CPER) by potentially increasing the supply and affecting copper prices.
The reduction in tariffs on recycled copper by China could lead to an increase in the supply of copper, potentially affecting global copper prices. As CPER tracks copper prices, this could have an indirect impact on its performance. However, the exact impact is uncertain as it depends on various market factors.
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IMPORTANCE 60
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