Rare earth export “opened” behind: “protect” inappropriate resource market acceleration

On April 28, the state council premier li keqiang chaired a state council executive meeting, decided to implement the rare earth tungsten, molybdenum resource tax reform, promote the relationship between resource taxes and fees. The state council executive meeting decided, from May 1, 2015, the rare earths, tungsten, molybdenum resource from volume to AD valorem duty, and reasonable according to the principle of no increase in corporate tax rate. On April 28, the state council premier li keqiang chaired a state council executive meeting, decided to implement the rare earth tungsten, molybdenum resource tax reform, promote the relationship between resource taxes and fees. The state council executive meeting decided, from May 1, 2015, the rare earths, tungsten, molybdenum resource from volume to AD valorem duty, and reasonable according to the principle of no increase in corporate tax rate.

Expert Chen jia China non-ferrous metal industry information center of rare earths, said: “on January 1, cancel the export quotas and tariffs may, is the content of the WTO ruling, we all did.”

A number of nonferrous metal industry workers said that since the implementation of “notice” rare earth resource will be affected by how much production completely, it will be as the change of market value and volatility, the unit price to sell, the more the more expensive should pay tax, on the other hand, the unit price to sell more base should pay less tax.