China plans to increase rare earths resource tax

By Antonio Torrisi
Published: Friday, 23 May 2014

An increase of rare earths ore taxes could push up prices, in line with China’s plans to control mineral resources and reform a market which has been afflicted by smuggling and lower demand in the past two years.

China’s government is planning to increases taxes on rare earths resources, reported Beijing-based news provider The Economic Information Daily, citing unidentified industrial insiders.

According to the Chinese publication, the policy, under discussion by the Ministry of Industry and Information Technology, the State Administration of Taxation and the Ministry of...

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