Rare earth prices have been close to the bottom level

For a long time , China's rare earth resources due to various reasons has been used as a large-scale sale of cabbage . 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 , the future is likely to require expensive imports . To this end, our country 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. Learned that in 2011 , the Ministry of Finance , State Administration of Taxation issued a notice for the first time , the decision since the year April 1 , uniform adjustment of rare earth mineral ore 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. However, faced with rare defeat WTO litigation , some rare earth export tariffs had to be canceled .

To this end, the relevant state departments are working to improve the brewing again rare earth resources tax , internal regulation of rare earth industry means overweight . 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 that improve rare earth resource tax rate , improve 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 countries to buy hoarding rare phenomenon , while helping to reduce the negative effects of losing because of WTO on China's rare earth management brings .

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 . Learned , 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 .

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 .


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