China to raise rare earths tax and complete industry consolidation
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,...