Brewing improve rare earth resource tax, a serious decline in the total reserves of rare earth

Rare WTO litigation face defeat , some rare earth export tariffs on the status quo will be canceled , the state regulation and integration efforts of rare earth again tightened. Recently, this reporter was informed from the authorities , the relevant departments are working to improve the brewing again rare earth resources tax , internal regulation of rare earth industry means overweight .

" State Administration of Taxation , the Ministry of Finance and other ministries are being discussed and the pipeline, estimates the introduction of the second half. "the source said, according to the current situation , it may be a substantial increase of rare earth resource tax in the current standard , based on the specific proportion is still under discussion .

Improve rare earth resource tax is seen as many people in the industry is an important means to control the rare earth industry. The authorities admitted to reporters , rare earth resources to improve the tax rate , to enhance the market price of rare earths from the source , so that reflects the scarcity and environmental costs of mining resources and changing supply and demand through price increases , effectively reduce smuggling and other State purchase of hoarding rare phenomenon , while helping to reduce lost because of WTO on China's rare earth managed to bring negative effects.

In fact , they are taken to change the rare large-scale sale of cabbage situation has taken a number of policy measures . In 2007, China began to implement mandatory plan for rare earth production and decreasing export quotas to limit exports of rare earths , and improve individual rare earth export tariffs from 2011 onwards, in order to better protect the resource , in April 2011 for the first time a substantial increase in the rare earth resource tax. Reporters learned that, in 2011 , the Ministry of Finance , State Administration of Taxation [ microblogging ] for the first time issued a notice , decided since the year April 1 , uniform adjustment rare earth ores resources tax rate increases of more than 10 times . Rare earth resources tax was adjusted as follows: light rare earths including bastnaesite , monazite , 60 yuan / ton ; heavy rare earth including xenotime , ionic rare earth mine, 30 yuan / ton.

"Once the resource tax rose sharply again , the cost of business will be more high . " A rare earth industry veteran told reporters. On the other hand , a substantial increase in resources tax , indicating that the government is to take further measures to strictly control the rare earth resources , in this case , there may be higher rare earth prices .

Statistics show that , after a prolonged decline in the fourth quarter of 2013 , rare earth prices have been close to the level in mid-2013 when the bottom . In the main producing areas of Baotou Rare Earth , for example, rare earth enterprises above the scale of the city's existing 34 , January-March operating rate of 91.2% , the sales revenue 1.81 billion yuan , down 25.3% ; profit only 210 million yuan , down 4.7% , from the export situation, the rare earth industry export delivery value of 31 million yuan , down 47.2 percent . Reporters learned that , with a large group of rare earth mining rights will take precedence benefit , including Baotou Steel Rare Earth , Xiamen Tungsten , Minmetals Rare , Rising colored , Chinalco and Ganzhou Rare Earth .

It is worth noting that, due to the global economic downturn coupled with reduced Chinese demand for rare earth , rare earth prices plummeted , while reducing the opening of the new foreign mining point of pressure. According to foreign media reports, although the United States has once again enabled molybdenite an old Mountain Pass mine in California , Malaysia, from a year ago to buy rare earths from Australia , geologists discovered over the past few years are also hundreds of new deposits in the world However, the construction of new mining point outside China enthusiasm has been significantly weakened.

There are indications that , through taxation to highlight the scarcity of rare earths is imminent . Centre for European Economic Research said until 2020 China will remain a monopoly in the field of heavy rare earths . Currently, about 90 percent of the world's rare earth products still come from China . " Global demand for Chinese rare earths could ' comeback ', especially after the abolition of tariffs , only through internal regulation to protect valuable rare earth resources. " Industry analysts pointed out . According to statistics , China's rare earth reserves remaining 27 million tons , accounting for more than the past down from the current 70 % to 30% of total world reserves . At the current production rate , China's medium and heavy rare earth reserves only class for 15 to 20 years , is likely to be imported in the future.


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