Copper in longest winning streak since 2017 on China demand hopes
Copper was poised for a second weekly advance after data showed China’s GDP in 2024 expanded 5%.
China will increase a tax on rare earths from April 1, the official Xinhua News Agency said on Thursday.
The State Administration of Taxation website carried a local media report, saying the resource tax would be raised to 30-60 yuan per tonne, depending on the type of rare earth mineral, a substantial increase from the current level of 0.5-3 yuan per tonne.
