(Bloomberg) -- Lead gained for a second consecutive
day in London on speculation that exports from China, the
largest producer, may decline after the government imposed a 10
percent tax on overseas sales. Copper and aluminum also rose.
Henan Yuguang Gold & Lead Co., China's biggest lead
producer, said yesterday profit will be hurt by the increased
tax, which was introduced from this month. Exports accounted for
28 percent of its metal sales in the first five months of 2007.
Exports may fall 10 percent by 2010, Beijing Antaike Information
Development Co. said May 30.
Read more at Bloomberg Commodities News
day in London on speculation that exports from China, the
largest producer, may decline after the government imposed a 10
percent tax on overseas sales. Copper and aluminum also rose.
Henan Yuguang Gold & Lead Co., China's biggest lead
producer, said yesterday profit will be hurt by the increased
tax, which was introduced from this month. Exports accounted for
28 percent of its metal sales in the first five months of 2007.
Exports may fall 10 percent by 2010, Beijing Antaike Information
Development Co. said May 30.
Read more at Bloomberg Commodities News
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