Copper, aluminium prices higher after China's tax cut for manufacturers

Copper and aluminium prices ticked up on Tuesday, supported by China’s announcement to cut tax for manufacturers from April to boost growth. “Sentiment was largely constructive as investors continued to view China’s latest policy moves as positive for metals demand,” ANZ said in a note.

China will cut value-added tax for manufacturing and other sectors on April 1, Premier Li Keqiang said on Friday, adding that cuts in taxes and fees remained a key measure to cope with downward pressure on its economy. But.

This article is no longer available in our repository.

There could be multiple reasons for this.