(Bloomberg) -- Shanghai copper futures fell, erasing
early gains, after China raised export taxes on other metals and
amid speculation that further tax changes could boost supplies in
the world's biggest consumer of copper.
London Metal Exchange copper gained yesterday following a
decline in global inventories of the metal used in pipes and wire
to a seven-month low. Starting June 1, China will charge higher
export taxes on steel products, pig iron, nickel, lead and zinc,
the Chinese finance ministry said yesterday on its Web site.
Read more at Bloomberg Commodities News
early gains, after China raised export taxes on other metals and
amid speculation that further tax changes could boost supplies in
the world's biggest consumer of copper.
London Metal Exchange copper gained yesterday following a
decline in global inventories of the metal used in pipes and wire
to a seven-month low. Starting June 1, China will charge higher
export taxes on steel products, pig iron, nickel, lead and zinc,
the Chinese finance ministry said yesterday on its Web site.
Read more at Bloomberg Commodities News
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