Cancellation of tungsten and molybdenum and other rare earth export tariffs

Ministry of Finance website on April 23 news release, since May 1, 2015, China will adjust export tariffs on some products, including the elimination of export tariffs on some products and export some products to implement a zero tax rate. According to "Customs Tariff Commission of the State Council on the adjustment of export tariffs on notice", China will abolish export tariffs on steel particles, rare earths, tungsten, molybdenum and other products, the aluminum timber and other products exported zero-tax rate. Abolish export tariffs will increase the bargaining power of the export price, to a certain extent, alleviate the excess domestic supply pressure to the market to get better.


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