The tentative tax rate for rare earth metal ore exports next year will be 15%.

The Ministry of Finance of China said on December 15 that the provisional tax rate for the export of rare earth metal ore in 2011 was 15%; the provisional tax rate for the export of rare earth metal lanthanum was 25%.

The export commodity tax rate table published by the Ministry of Finance website on the same day shows that the provisional tax rate of other rare earth metals, antimony and antimony that are not mixed or fused together will be 25% next year; rare earth metals, antimony and antimony that have been mixed or fused to each other, batteries The grade is 25%; the provisional tax rate for the export of other rare earth oxides is 15%.
Regarding the rare earth export quota, Chinese Ministry of Commerce spokesman Yao Jian said at the regular meeting that the number of China's export rare earth quotas will be discussed with the relevant departments next year and will be announced according to market demand.

The Ministry of Finance said on December 14 that since January 1, 2011, China's import and export tariffs will be partially adjusted. Among them, in order to regulate rare earth exports, the export tariffs of individual rare earth products will be improved, but the adjustment is not stated. Specific rare earth products and ranges.
The Ministry of Commerce announced that 10 foreign companies exporting rare earth enterprises will be shortlisted next year.
On the 15th, the Ministry of Commerce publicized the list of rare earth export enterprises in 2011. Compared with the list of export enterprises in 2010, the number of enterprises that meet the conditions for the declaration of rare earth export quotas in 2011 increased by 10 foreign-funded enterprises. Regarding whether China will continue to reduce rare earth export quotas next year, Ministry of Commerce spokesman Yao Jian said that China’s responsible attitude on this issue will guarantee the basic supply of rare earths in the global market and will not cause excessive impact on the industry.

In November, the Ministry of Commerce announced the launch of the 2011 minerals export quota application procedures for rare earths and other provisions, and clearly stipulated that environmental protection requirements are not met, and that environmental protection facilities that do not have the same scale of production cannot be declared. The enterprises announced in the 15th that meet the conditions for the declaration of rare earth export quotas in 2011 include 22 Chinese-funded enterprises and 10 foreign-funded enterprises.

Among the 32 companies, 22 Chinese-funded enterprises including Baotou Steel Rare Earth and Guangsheng Nonferrous Metals Import and Export Co., Ltd., a wholly-owned subsidiary of Hirose Co., Ltd., are in line with the first batch of 2010. Of the 10 new foreign-invested companies, 9 have passed the audit and one is “pending review”. Relevant persons from the Ministry of Commerce said that if the enterprises to be audited in the list can fill in the relevant materials during the public notice period, they will be converted into qualified enterprises, otherwise they will be treated as unqualified.

It is worth noting that these 10 foreign-funded enterprises have obtained the qualification for rare earth export when the Ministry of Commerce issued the second batch of rare earth export enterprises in September 2010. Obviously, the export qualifications of these 10 foreign-invested enterprises may continue in 2011.

With the increasing emphasis on resource issues in China in recent years, and the strong appeal of the rare earth issue, the situation of the rare earth industry has not changed since 2006. Since 2006, new rare earth mining licenses have been suspended and a mandatory plan has been implemented for mining. At the same time, China has gradually strengthened the concentration of the rare earth industry to achieve the goal of protecting resources and the environment. Last year, the global demand for rare earths was around 130,000 tons, and China's exports were about 72,800 tons, accounting for 56% of them, and the share was slightly reduced.

In 2010, the policy for the rare earth industry was frequent. On May 21, the Ministry of Land and Resources held a national action conference on the special rectification of minerals development order. In the same month, the “Rare Earth Industry Access Conditions” drafted by the Ministry of Industry and Information Technology began to be publicized, setting a threshold for the mining and smelting of rare earth mines. The Ministry of Finance also announced recently that with the approval of the State Council, since January 1, 2011, China's import and export tariffs will be partially adjusted, and the export tariffs on individual rare earth products will increase. The provisional tax rate for the export of other rare earth metals, antimony and antimony that are not mixed or fused to each other will be 25% next year; the provisional tax rate for the export of other rare earth oxides is 15%.

Yao Jian said that the number of China's export rare earth quotas will remain in discussions with relevant departments next year and will be announced according to market demand. China's export policy on rare earths is closely linked to the industrial policies of rare earths. China's basic foothold on rare earth industrial policies is sustainable development and environmental protection. It is for this purpose that China has reduced rare earth production and smelting. And the scale of exports.

Yao Jian also said that China's rare earth exports have decreased by 30%-40% this year, but still achieved supply to major markets such as Japan, Europe, and the United States. The implementation of Chinese policies has also been understood by the international community. In recent years, China has strengthened international technical cooperation. At present, China and the United States and Europe have energy-saving cooperation mechanisms to improve the level of mineral resources smelting technology. In addition, it will further promote multi-country cooperation to find rare earth resources. China currently has 30% of rare earth reserves. However, trade volume accounts for 90% of the world, and it is hoped that this phenomenon will gradually change.

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