Australia to cancel alumina export tax to China

By Antonio Torrisi
Published: Friday, 28 November 2014

The cancellation of export taxes on Australian exports to China will boost imports of alumina from the country, as China’s bauxite resources are depleting. This is likely to impact Chinese alumina producers, which will no longer benefit from competitive domestic prices, owing to the present 17% tax on alumina imports from Australia.

China’s President, Xi Jinping, and Australia’s Prime Minister, Tony Abbott, announced that Australia will not impose export taxes on over 85% of its products traded to China, including alumina.

Bauxite Weipa - Australia
Australia could become a leading importer of bauxite and alumina to China in the near-term future (source: cape-york-australia)



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