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Indonesia sets new export tax rates for minerals

2017-02-14 10:25:21  【Print】
BEIJING (Asian Metal) 14 Feb 17 - According to the finance ministry, Indonesia has set export taxes of up to 7.Asian Metal Copyright .Asian Metal Copyright5% for semi-processed metals including lead, zinc, iron and copper concentrate, with rates depending on progress companies make in developing smelters.

The ministry noted that the more advanced the physical development of processing facilities, the lower the export tax rate that will be applied.

The ministry also mentioned that for nickel ore with a nickel content of less than 1.7% and for bauxite with an aluminum oxide content of at least 42%, a flat rate of 10% will apply.

.Asian Metal Copyright The ministry also mentioned that for nickel ore with a nickel content of less than 1.Asian Metal Copyright

Bauxite

Al2O3 60%min, SiO2 11%max Ex-VAT Delivered China

Unit:RMB/mt
China's automobile sales volume statistics by year
Unit: pcs