CAPITAL MARKETS

EU to drop Chinese magnesium duties

THE European Union plans to drop all anti-dumping duties imposed on Chinese magnesium after Pechiney closed Europe's only producer of the metal, European Commission officials told <I>Reuters</I>.

Greg Tubby

The bloc was starting a 40-day period to gather comments on its plans to drop the duties, which have been imposed since 1998, after a complaint on behalf of Pechiney was withdrawn. "The applicant claims...

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