Approved by the Jiangsu Provincial Government , Jiangsu Province elimination of backward production capacity each municipal government issued a coordination group in 2014 to resolve excess capacity and eliminate backward production capacity target task . Excess capacity in the province this year to resolve the task : Steel 4.47 million tons , 1.53 million tons of cement , plate glass 2.2 million weight cases , shipping 2.75 million dwt ; eliminate backward production capacity tasks: RE 12,000 tons , 580,000 tons of coke , paper and 120,000 tons , 12,000 tons of chemical fiber , printing and dyeing 353,600,000 meters / 21,500 tons , lead-acid batteries 7,490,000 kVA , textile 92,500 tons / 108,500,000 meters / 60,000 , 654,000 tons of casting , electroplating 400,700 tons , 2.056 PV manufacturing tons / 45000000 / 25 MW. These tasks undertaken by the province's 121 companies.


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Insiders pointed out that rare earth resources to improve the government's duty is only one of the means to increase efforts to combat smuggling is the " recipe "

Recently , much attention rare earth rare earth industry resource tax will be raised the issue has been placed in the top of the agenda. It is reported that the State Administration of Taxation , the Ministry of Finance and other ministries, is working to improve the rare earth resources tax brewing again , rare earth resource tax may impose a substantial increase in the existing standards , based on the specific proportion is still under discussion .

Last year in August , the fifth Baotou Rare Earth Industry Forum , the Ministry Secretary had said Chen Yanhai raw materials , resources and the environment will increase taxes , tax reform resource management , rational management of rare earth resources and environmental costs form a reasonable price mechanisms to increase local revenues, promote ecological and environmental management resources.

But then , on the question of resource tax rarely mentioned. Until this year , industry analysts pointed out that the reason why at this point in time re talking about resource tax problems may be due to the export of rare earth WTO in litigation .

" From the present point of view, no matter how the outcome of the appeal , with the means to control the export of rare earth prices , I am afraid it is difficult to achieve , therefore , from the government 's point of view , can only increase the cost of rare earth mining , in order to control the rare earth price. " Some analysts believe the" Securities Daily " reporters said.

Expected to protect large enterprise

Data from the past , China's rare earth production , whether from taxation or policy adjustment has been underway . In 2007 , China began to implement mandatory planning of rare earth production and decreasing export quotas ; since 2011 to improve the individual rare earth export tariffs in order to better protect resources ; April 2011 the first substantial increase in the rare earth resources tax.

So, the tax is intended to raise the rare earth resources , whether just as these analysts say that?

In this regard, Wikipedia information RE analyst Du Shuai soldiers agreed, "Improving resource tax purpose is to control the price of rare earth , rare earth prices make selling not so low ." Du handsome soldier pointed out , the cost of "From the cost point of view now , now rare earth mining between 50,000 yuan / ton to 60,000 yuan / ton, the price has been able to support. Of course, now the cost of which is to increase the resource tax ( including environmental management fees and expenses ) , if the resource tax raise , the corresponding cost of doing business will increase, while the increase in the cost of which will be added to the product , thus effectively improve prices. Even in the future tariffs and export restrictions were canceled , China is still able to rely on the tax rate to control the price of rare earth resources , controlling voice. "

For this view , insiders do not want to be named , agrees , but he also pointed out that the rare earth resource tax raise , but the government in order to solve a series of problems that exist in the rare earth industry as a means . "The government has always wanted to integrate China's rare earth scattered, chaotic situation, and the '5 +1' large group of rare-earth idea born out to this end also , but the current situation, the integration through market means there are still problems , and led to a series of follow-up the implementation of the policy you want unenforceable . And central and local SMEs is difficult in unison . And by improving the resource tax would also like the government to protect the large rare earth enterprises , the eradication of small , scattered, chaotic business, so centralized management . " The parties in the case said.

Should increase efforts to combat smuggling

While increasing tax purposes in order to protect rare earth resources industry and rare earth prices have been obvious, but if it improves the rare earth resource tax, whether you can really boost rare earth prices? Currently the industry is still divided.

In this regard , the view that the resource tax will help improve rare earth prices , and effectively protect the regular export of rare earth enterprises , but also with a view to improve the rare earth resource tax, from the other side will stimulate further the prevalence of smuggling .

"Improving the rare earth resources tax appears to be a good means , but still can not help but have a ' headache medicine head , feet hurt the disease ' feeling. Yes, the resource tax is raised, the cost go up , the price of the product should theoretically also been a corresponding increase. But the key is to improve the resource tax rate specific proportions , the other is that the tax enforcement resources to those who are able to cover small and medium rare earth enterprises . In addition, the smuggling of rare earth rare earth prices have been a major reason for suppression only be adjusted from the tax , and can not be locked into the smuggling problem, if control is lax , the cost increase is likely to exacerbate the scale smuggling of rare earth . So, I think if the government wants to protect the enterprise should not only proceed from the tax should also be fit to combat smuggling operations from two aspects to protect China's rare earth resources. " insiders said .

According to the reporter , smuggling has been China's rare earth industry ills , high export tariffs and quota controls , the presence of domestic rare earth prices huge difference, resulting in rampant smuggling . Statistics show that in 2009 China's rare earth smuggled more than 20,000 tons , accounting for the actual export volume of 1 /3. Lack of rare earth resources, rare earth products imported from Japan, the main country, in the rare earth export quotas gradually reduced, some large Japanese companies rely on smuggling to meet the needs of its approximately 1/ 4 .

From the business point of view the number of rare , only a few large formal businesses , there are still a large number of informal SMEs on the market although the state to encourage large enterprises to small and medium rare earth enterprises to integrate , but under their own reasons, many large companies are reluctant to integrate these SMEs , the reason is no profit. Large Rare executives had told reporters bluntly , "Integrating they carry a burden on our own ," this kind of thinking also led to China's rare earth " scattered, chaotic " phenomenon, aggravated disorderly SMEs mining and smuggling prevalent.

In this regard, insiders said , just to improve the resource tax point of view, the government is only a means to coordinate the fight against smuggling , to better purification of China's rare earth industry , and long-term price of rare earth holds the right to speak .


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Since May , the rare earth market has been very quiet , there are rare earths traders said, because the other is busy , do not have timely delivery , and now the price has dropped a rare earth , has begun a loss , and he said that now almost transparent rare earth prices Therefore, it is very cautious downstream procurement .

According to the site to know the news, the price of neodymium oxide, praseodymium recent decline in the previous month under the current price of about a thousand dollars. However , it is clear that even decline more downstream are not likely to hoard . There are rare practitioner said: rare earth prices in order to rise, unless the current inventory first digest .

The most recent online discussion , " the relevant departments are working to improve the brewing again rare earth resources tax " issue , a view that : "The State of rare earth resources tax will be substantially increased separation plant 's raw material procurement costs, while export prices of rare earth products , the sales price will be affected "

Another view that " mere increase resource tax, raised the price of rare earths will dampen downstream applications will be greater , there may lead to a new round of rare earth alternatives , while preventing the study of rare earth applications. "

"At present, a large malignant tumor of China's rare earth industry is" black chain "to improve the resource tax, price increases , and those who had not to pay the illegal production of resource tax corporate profit margins will be greater , their illegal mining " power" will be even greater , will most likely encourage more people to take risks illegal mining of rare earth , rare earth industry supply imbalance will become more severe , industry will also be more orderly chaos ... " < br />


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Recently, China has rare earth WTO dispute first instance " losing " appeal , the rare earth industry goodbye to a "quota era" almost a foregone conclusion . However, industry experts, this result or the rare earth industry market Forced speed the process .

The end of March this year, the WTO ruled that China's rare earth export management measures and other related violations . April 25 , China to submit an appeal to the WTO Appellate Body documents APPELLATE BODY. In the industry view , China lost almost become inevitable. This also means that China 's rare earth industry will bid farewell to its well-established export quota management.

But industry experts also said that open the door to greet the upcoming international competition China rare earth industry, deregulation or Forced accelerate their speed to market.

In fact , in order to adapt to changes in the market environment, the rare earth industry has already started early internal integration , including the construction of the Exchange platform. January 4 this year , as the territory 's first place of rare earth products specializing in electronic trading spot , south Exchange of rare earth products in Guangdong Ping Yuan Trading Center officially opened operations.

According to the person in charge Wu Haiming introduced Rare South Exchange Trading Center is an open platform , custodian bank funds after investors signed an agreement can be accessed directly by clients of rare earth products and participate in the transaction . On this platform , has become the norm of rare earth oxides , securitization, electronic, circulation of goods monetization , and is expected to become the gold , silver and a variety of international investment .

Wu Haiming said, with the establishment of rare earth trade centers , rare earth products from simple industrial investment goods become . Its low investment threshold help to mobilize private capital to participate in purchasing and storage . At the same time , more rare earth production companies and companies involved in downstream smelting separation will also greatly facilitate the sale of rare earth products and mobile . Investment inflows expected to form from prospecting , mining , smelting , processing to recycling orderly rationalization of the rare earth market .

It is reported that Baotou Rare Earth Products Exchange also on March 28, 2014 opening. Insiders said that the two largest trading center for rare earth products have been put into operation, or bring trading opportunities for rare earth products . Data show that , after a sustained decline in the fourth quarter of 2013 , the level of the bottom of the rare-earth prices have nearly mid-2013 period. Under the future is expected to increase in the rare earth purchasing and storage , as well as relevant national policies to support the background , rare earth prices are expected to steady rising .

It is worth noting that, in addition to investment capital, "relaxation " after the rare earth industry for industry investors also had a great attraction . Some experts expect that the time is ripe , "rare earth industry funds ," "rare earth deep processing industry" , " rare earth products trading ," " Rare finance" is expected to focus on the wave of strikes and other investments .


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