China to raise rare earths tax and complete industry consolidation

By Antonio Torrisi
Published: Saturday, 27 December 2014

Proposal to increase tax on rare earths up to 35%; MIIT approves Minmetals’s consolidation plan

The Chinese government drafted a proposal in November 2014 to impose a 22% value tax on light rare earths and a 35% tax rate on heavy rare earths.
China’s resource tax on light rare earths, including bastnaesite and monazite, has been at Chinese renminbi (Rmb) 60/tonne ($9.60/tonne*) since April 2011,...

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