New bill to maintain competitiveness of US soda ash industry with reduced 2% royalty
Published: Wednesday, 16 September 2015
With China focussed on upping its soda ash market share, US lawmakers are attempting to level the playing field by keeping royalty rates for American producers low for the next five years. Aside from trying to maintain its competitive edge, the US is also concerned about the environmental cost of increased soda ash exports from China.
The American Soda Ash Competitiveness Act, a bill to set the
royalty rate on sodium compounds and related products produced
from federal land at 2% for the next five years, was introduced
by two US Senators yesterday.
John Barrasso and Ron Wyden introduced the bipartisan
legislation to maintain competitive royalty...