WTO losing speed or Forced integration of rare earth

According to media reports, the World Trade Organization (WTO) announced the United States , European Union, Japan v. China rare earths , tungsten, molybdenum export management measures related to the case of the panel report , ruled that Chinese products involved export tariffs , export quotas and export quota management and distribution measures do not comply with the relevant WTO rules and China 's WTO commitments . The Chinese Ministry of Commerce said it is assessing the report panel decisions and emphasized the Chinese government still has the right to appeal to the WTO .

Existing rare earth export policy faces adjustment

Taking into account the period of about a year to protest the buffer , we may judge from 2015 , China's rare earth export policy will need to make adjustments , including export quotas and export tariffs and other policies.

We estimate the possible policy adjustments include :

1 , export quotas ;

2 , export tariffs ( the vast majority of China's exports of rare earth products currently impose a 25% export duty due to losing WTO , tariff policy after 2015 may be adjusted to 10%).

Forced industry may reserve, integration policies speed

Under the WTO against the background , we expect the Chinese government to take urgent facing the market means to replace the existing export quotas , tariffs and other means of administration of the darker color of rare earth resources in order to control the pressure , we expect the government will likely accelerate the integration of rare earth industry process , but also will put the appropriate policies in other industries ( such as purchasing and storage , hitting , etc. ) in order to cope with the negative impact of the WTO against the industry brings .

This marks the May 2011 State Department "Several Opinions on Promoting the sustainable and healthy development of rare earth industry ," presented in the rare earth industry, " 1 +3" officially becomes the current pattern of "1 +5" pattern. With the advancement of substantive consolidation , the rare earth industry, the new order is expected to make an important step . At the same time , we expect a new round of anti- rare earth industry , purchasing and storage policy may also start to address the negative impact of the WTO against the industry brings .

Concerned about the rare earth industry consolidation process

We judge this event will lead to market expectations or rare earth industry policy ( consolidation, purchasing and storage , hitting , etc. ) appear speed , proposes a focus on the rare earth industry consolidation process. But the long-term trend is still weak current industry supply and demand depends on improving relations .


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