Qingdao Customs Investigating successful exports of rare earths smuggling case
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- Category: Rare Earth News
- Published on Friday, 08 May 2015 15:51
Recently, as the consignee of rare earth in China, Korea purchaser Hong Moumou arrested, Qingdao Customs investigation of exports of rare earths smuggling case declared a success. The case involved a rare earth, molybdenum, iron, tungsten, iron, etc. about more than 1,500 tons, worth 1.1 billion yuan, more than 1,500 million tax-related. He has been arrested five suspects.
Early August 2014, Weihai, Qingdao Customs under the Customs in Incheon, South Korea's exports to the inner container commodity inspection found one ton of rare earth, molybdenum, iron five tons. Through Weihai customs branch found, involving rare earths, molybdenum iron containers from Zhejiang Yiwu shipped and commissioned by a trading company in Yiwu exported by using different business units exported commodities in Weihai, Lianyungang and other places, there is a major export of rare earth concealing suspect. Customs anti-smuggling police by Shandong, Jiangsu, Zhejiang and other places Mopai investigation, gradually mastered the trading company's personnel structure, division of labor and living people involved, the action rule.
Recently, the Customs anti-smuggling police conduct in Weihai, Shandong and Zhejiang Yiwu two places at the same time the net action and arrested the main suspects, the scene seized false reporting, concealing export large quantities of electronic, written evidence of rare earth, molybdenum, iron and other goods.
Has been identified as the suspect Jo Korean nationals to seek illegal interests of big orders in China rare earths, molybdenum iron export business, it refers to the use of company employees engaged in commodity distribution container exports to South Korea were concealing smuggled for profit.
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Abolish tariffs on Chinese exports of rare earths, the United States put pressure on the success of admission
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- Category: Rare Earth News
- Published on Thursday, 07 May 2015 15:23
Foreign media said the US Trade Representative Foluo Man May 4 statement on China to abolish export duties and quotas on rare earths, said that the Obama administration is committed to protecting the interests of American workers, and American rights, and once again that law enforcement can take strong trade and it has produced tangible results.
May 5, according to reports, China announced this year on May 1 has been canceled in violation of WTO rules rare earth export duties. Earlier this year, China also canceled the export quota for rare earths.
In August last year after the United States and other WTO appeal ruling partner countries, Chinese quotas and tariffs violated WTO rules on exports of rare earths.
US Trade Representative Foluo Man said that China's policy of forcing American manufacturers importing rare earths from China, must pay 300 percent higher than the cost Chinese competitors. Rare earths, tungsten, molybdenum, etc. It is important for the US manufacturing sector, the US production of hybrid car batteries, wind turbines, energy-efficient lighting, steel and advanced electronic equipment and many other products using these materials.
Foluo Man said, we will pay close attention to China's actions to ensure that these illegal policies and China in fact suspend full compliance with its obligations.
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RE stabilized stabilized, the business outlook is expected to rebound
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- Category: Rare Earth News
- Published on Wednesday, 06 May 2015 15:14
RE market today offer businesses continue to follow the day before watching the market. Rare earth products now offer a more stable, because the starting rare earth resources tax from the amount of taxable valorem May 1, present, many hold stocks for a change in policy on the sidelines, continued to fall in the price of rare earth products business is less. The current rise of the business is not much, the overall market is in equilibrium stage.
Currently products Dy also currently appears stable signs stabilized stabilized, the current tax price of dysprosium iron stable at between 168-170 yuan per ton. Praseodymium neodymium praseodymium neodymium metal products prices held steady in the low price 385,000 yuan / ton in the vicinity, Ganzhou supplier neodymium oxide, praseodymium steady at 295,000 yuan / ton.
Rare earth resources tax rules: according to the applicable tax rates in different parts of different methods of light rare earth resource tax, which, Inner Mongolia 11.5%, 9.5%, Sichuan, Shandong, 7.5 percent; and the heavy rare earth resource tax rate of 27% unity. This message is for the cost of rare earth products from the medium and long term has a strong supporting role, the latter of rare earth products continued to fall up little space, can expect rare earth prices rebounded moderately.