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China’s Bid to Rein in Exports Roils Aluminum Stocks and Prices Beijing removes tax rebates on exports that juiced supplies LME aluminum price declines, paring surge seen on Friday ...

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China is ending its export tax rebate policy for aluminum and copper, while lowering it for some refined oil and battery products as overcapacity concerns have grown among global trading partners.

(Bloomberg) -- Aluminum jumped on Friday after China said it would cancel a tax rebate that’s helped fuel a decades-long boom in exports and shielded an industry prone to overcapacity.