Review of rare earth exports, tighten loose out there do not reflect the severity of governance ideas
- Details
- Category: Rare Earth News
- Published on Thursday, 19 December 2013 11:19
Rare earth export policy ( quotas and tariffs ) have been released . In 2014 the first batch of rare earth export quota of 15,100 tons of total rare earth metal provisional export tax rate of 25% rare earth oxides provisional export tax rate of 15-25 %.
1 , concerns the structural changes in export quotas : a slight increase in the total amount or a substantial reduction in the heavy rare earth quotas
Package dilute parent or because of environmental problems again failed to appear in the first batch of export quotas enterprises, the surface 2014 of the first volume of export quotas fell 3% ( of which the light rare earth -2 % over last year to 7% of the heavy rare earths );
After taking into account the package regain dilute EIA probability of large export quotas (similar to last year ) , assuming package dilute get the same quota and 13 years , and the first batch of rare earth export quotas account for 50 % of the annual total, in 2014 export quota the actual total is expected to grow by 1% over the 13-year to 3.13 million tons; wherein the light rare earth export quota will be increased by 2 %, while the heavy rare earth export quota is significantly reduced 6%
2,2014 rare earth export tariffs remain unchanged. According to the Ministry of Finance in 2014 Tariff Implementation Plan , rare earth provisional export tax rate of 25% rare earth oxides provisional export tax rate of 15-25 % ( 15% for the light rare earth basic , 25% heavy rare earth ) , and export tariffs consistent with historical levels , and heavy rare species still used in higher export tariffs .
3 Overall, we do not agree with China 's rare earth export media again tightened point of view. Despite the development of export quotas and tariff policy for the routine work of government departments during the year , but also reflects the importance of the government 's attitude towards the rare earth industry governance, including concerns about environmental issues , but also includes " gradual liberalization of the total , the severity is different ." governance ideas, which is pre- domestic " light rare earth gradually liberalized market , focusing on governance more strategic heavy rare earth " policy orientation is consistent .
4 Furthermore , rare earth export trade of China's WTO proceedings against almost a foregone conclusion , but for now the possibility of final results officially announced in 2014 a larger , 2015 rare earth export policy is bound to make adjustments ( based on the experience of coke , export quotas or export license will be changed , tariffs were canceled ) .
We believe that losing the neutral route through 2014 period, how to control the black industry chain , to form a long and governance under the national reserve under the auspices of the large group market environment ( such as Baotou Rare Earth Stock Exchange during the test run has completed three pen large transactions ) effective mechanism to prevent the export policy and release back - crucial era " rare melee cabbage price ." On this basis , the liberalization of exports of rare earths are likely to become a major driving force clearing of domestic rare earth stocks , rare earth prices eventually play a supporting role .
5 , of course , due to the recent policy measures , such as purchasing and storage of rare earth continually later than expected , traders hold stockpile rare earth prices or selling pressure will make further downstream. As mentioned above, we judge is bound to accelerate the WTO against " policy mix of boxing ," introduced in 2014 is still possible range of policies , and the rare earth sector to promote upward again .
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