China may impose tax after imports surge

The rising imports led to “lots of pressure” on the domestic market, Yu Dongming, a director at the industry coordination department of the country's top economic planner said at a conference in Kunming Friday.

The nation doesn't have an import tax on the metal currently.

Chinese purchases of aluminum were 13 times higher this year than in 2008 as traders and manufacturers bought the metal in anticipation of demand from the government's US$586 billion stimulus spending.

A Chinese tax may stall a 31 percent gain in London aluminum futures this year as inventories globally grow.

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