June rare earth prices may rise

Recently from the authorities informed, 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, rare earth resource tax may be greatly increased 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 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 .

"Once the resource tax rose sharply again , the cost of business will be more high . " a rare earth industry veteran said. 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 .



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