Aluminum soared as China announced it was removing a tax rebate that covers over 5 million tons of exports of the metal.
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In midday trading Friday, Alcoa's stock was up 8.5% at $44.72, while Century Aluminum jumped 13% to $23.93. Alcoa shares have gained 31% since the beginning of the year. Century Aluminum's stock price ...
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China's finance ministry said Friday it was cancelling export tax rebates for metals like aluminium and copper, and certain other goods, beginning next month.
When former President Donald Trump campaigned on a promise to end the $7,500 electric vehicle tax credit, many people pointed ...
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Oil prices remained under pressure this week as demand concerns continue to dominate the narrative in the oil market despite steep inventory draws.
Aluminum and other industrial metals surge as China cancels tax rebate on exports, leading to pre-market gains for Alcoa and ...
China is ending its export tax rebate policy for aluminum and copper, while lowering it for some refined oil and battery ...