EXPERTS FEAR INDIA BAUXITE EXPORT DUTY MAY INCREASE DOMESTIC PRICES
July 5th, 2014
The decision by India’s new BJP government to increase the country’s export duty on bauxite from 10% to 20% may not bring down the domestic price of the ore or even the quantum of its exports, Metal Bulletin has been told.“It is a sellers’ market in India,” said Bhawani Shankar Pani, a consultant and former senior executive at the National Aluminium Company Ltd, a central government-owned primary producer, “mining companies would in fact increase their price to maintain their existing profits.”Indeed, the miners are not committing to any price ...
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