FAST NEWS

CHINA -AUSTRALIA RELATIONS

Australia to impose 16% dumping duty on certain types of Chinese aluminium

The decision follows a similar one in Canada

Author: Rujun Shen and Jacqueline Wong (Reuters)
Posted:  Thursday , 05 Nov 2009

SHANGHAI (Reuters) - 

Australia plans to impose a provisional dumping duty of 16 percent on certain aluminium extrusions from China starting Nov. 6, the Australian Customs and Border Protection Service said on its website.

The Australian customs authorities launched an investigation into the case in June and are due to report to the Minister of Home Affairs with recommendations on or before April 15, 2010 on whether to publish a dumping duty notice.

The action followed Canada's decision in March to impose dumping and subsidising tariffs on Chinese extrusions.

"It's not often Australia imposes duties and they have to go through a strict process to get these measures imposed," said a commodities analyst in Sydney, who declined to be named.

"It's symbolic. No one in China will be happy, but it won't be a massive blow. China of course has levers to pull if they feel aggrieved. They are big importer of bauxite from Australia, but retaliation like that is a bit of a blunt instrument."

It is unclear the volume of extrusions shipped to Australia from China, but a source familiar with the investigation said earlier this year China's extrusions exports ballooned in the first quarter.

"In reaching this preliminary decision, Customs and Border Protection is satisfied that the dumped and subsidised goods appear to have caused material injury to the Australian industry producing like goods," said the customs in a notice on its website (www.customs.gov.au).

China's exports of aluminium products in the first nine months of the year fell 36.6 percent from a year earlier to 950,000 tonnes, the official customs data showed. [ID:nPEK208629] (Additional reporting by Nick Trevethan in SINGAPORE; Editing by Chris Lewis)

© Thomson Reuters 2009 All rights reserved

 

SHARE THIS ARTICLE

Disclaimer

MINEWEB is an interactive publication, with rolling deadlines through each day, commencing in the Sydney morning,  and concluding, 24 hours later,  in the Vancouver evening.  If you believe your side of an issue deserves inclusion, but has failed to meet one of our deadlines, you are invited to notify the Editor in Chief in Johannesburg, and we will include you in our editing and expanding on our stories. Email him at alechogg@gmail.com


Print icon  Print story   Email icon   Email story    Subscribe icon  Subscribe to free newsletter  

BackBack
INVESTOR HUB: Gold / Copper

   


TOP STORIES

MINES AND POLITICS

Communist to save mines

Friday , 20 Nov 2009
Meet South Africa's Jeremy Cronin and Julius Malema, battling over the notion of nationalising what's left of South Africa's mines.
More 

FAST NEWS

GOLD RECOVERY CONTINUING FROM MINED ORE

New Gold appeals Mexican gold mine suspension on court ruling