China this spring or early cancellation of rare earth export tariffs

In recent years, China's rare earth export volume has been lower than the export quota, so the move did not abolish export quotas for rare earth in China's export volume and prices fluctuate too much. In the international market of rare earth, rare earth export tariff abolition became the focus of attention.

Earlier, Japan, the United States and the European Union believes that China's rare earth export quota measures violate WTO (WTO) agreements against China. In August 2014 the WTO ruled that China lost. Affected by China canceled the export quota.

Rare earth elements can be used in hybrid vehicles (HV) price of neodymium magnet motor is almost no change in the last two years. The current price for one kilogram 90 to $ 100. Only about one fifth in 2011 when the highest price of rare earth. Chinese rare earth export quota in 2014 was about 30,000 tons. Many view, even if you cancel the limit, "the demand side purchases hardly changed."

Market stakeholders are more concerned about the dynamic export tariffs and export quotas set simultaneously. Currently, rare earth will be imposed tariffs of 15 to 25 percent of exports from China. But this is considered a violation of the WTO Agreement, so many opinions expected as early as the rare earth export tariffs will cancel this spring.

If the elimination of export tariffs will decline in international prices of rare earth appear. With regard to future developments, Japanese metals companies Advanced Material Japan Shigeo Nakamura, president of China's rare earth export tariffs are expected to be canceled in around May, he estimated that "rare earth prices will decline slowly."

In addition, there has been stationed in China to expand production and sales of rare earth magnets dynamic. Hitachi Metals February negotiations with Chinese companies on a joint venture to reach a consensus. Previously Hitachi Metals has been producing rare earth magnets in Japan and the US, but the company believes that the establishment of production bases in China "for the procurement of raw materials essential to deal with future demand growth."

Many view, the Chinese government will be "resource tax" and "environmental tax" instead of export duties and other taxes. However, even the introduction of new taxes in China, but the cancellation of export tariffs, expected purchase price of Chinese enterprises and the import prices of Japanese companies will be almost non-existent price difference.

For motor magnet field strength superior technology Japanese companies, which will help to improve price competitiveness. The class of motors, expected future demand growth in China will surpass Japan. About where to set up production bases in the future, how to purchase, focusing reduce production costs, Japanese companies will become more diverse in the way.


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