Zambia Cancels Import Tax for Copper Concentrate

SHANGHAI, Dec. 22 (SMM) - Zambia said it will cancel the 7.5% import tax that the country had planned to impose on copper concentrate effective January 1, 2017, wenhua.com reported.

We decided to eliminate the planned 7.5% import tax for copper concentrate, Trade & Commerce Minister Felix Mutati said.

Industry insiders had criticized Congo will sell surplus output to other regions if Zambia levies such tax, which will harm global copper supply chain.

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