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,...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.