The Ministry of Finance announced that, starting from June 1, it will increase the export tariffs on certain resources. The export tariffs for rare earth metal and other metal ore concentrates have been increased from the current 10% to 15%, while 10% of the export tariffs have been imposed on rare earth metals and other products. Relevant sources said that this will help reverse the current situation of low-cost exports of rare earth resources in China, and the protection policy of rare earth resources needs further refinement.
It is understood that China has adjusted the export tariffs of 142 commodities at the same time. Among them, rare earth products such as rare earth metals, antimony oxides, and antimony oxides are most heavily adjusted.
In an interview with a reporter, experts from the China Rare Earth Information Center said that once the country adjusts its export tariff rates again, it will help protect domestic resources and gradually reverse the embarrassing situation of monopoly resources without export pricing rights. Rare earth is a precious strategic resource of our country. At present, Japan and other countries have already used rare earth as a reserve resource of national and private levels. Although China's State Council began to implement the export quota quota system for rare earth products as early as 1998, in recent years, rare earth resources have been exported in the most extensive form, and domestic merchants have lowered their prices each other, leading to an increase in export volume year after year, and prices have been declining year by year. Some enterprises in developed countries have purchased large-scale factories in China's rare earth resources areas because they are not subject to quota restrictions on purchasing primary products of rare earth materials in China. As a result, the quota system for rare earth products implemented in China has been overrun to some extent. It is understood that at present, China's annual exports of rare earths have increased by nearly 10 times compared with 1990, but prices have dropped by more than 55%. On December 25, 2006, the newspaper reported on the chaotic and disorderly situation of the export of rare earth resources in China.
In 2005, China began to regulate and control the rare earth industry, canceled the export tax rebate policy for rare earth products, and the export prices of rare earth products had stabilized, but the effect was not obvious. In 2006, the domestic rare earth export prices continued to decline.
It is understood that the export volume of rare earth products in China accounts for more than 80% of the world's total export volume for a long time. The disorderly and disorderly export, together with the rational utilization rate of rare earths in China, is only about 10%, leading to a sharp decline in China's rare earth industrial reserves.
For the adjustment of rare earth resources export policy, some experts also suggested that the advantages and disadvantages should be weighed according to the current situation at home and abroad, timely adjust the variety and quantity of rare earth exports, and achieve dynamic management. The next step should also be to evaluate the strategic value of various types of rare earth products as soon as possible, and further refine the export directory of rare earth products.
It is understood that China has adjusted the export tariffs of 142 commodities at the same time. Among them, rare earth products such as rare earth metals, antimony oxides, and antimony oxides are most heavily adjusted.
In an interview with a reporter, experts from the China Rare Earth Information Center said that once the country adjusts its export tariff rates again, it will help protect domestic resources and gradually reverse the embarrassing situation of monopoly resources without export pricing rights. Rare earth is a precious strategic resource of our country. At present, Japan and other countries have already used rare earth as a reserve resource of national and private levels. Although China's State Council began to implement the export quota quota system for rare earth products as early as 1998, in recent years, rare earth resources have been exported in the most extensive form, and domestic merchants have lowered their prices each other, leading to an increase in export volume year after year, and prices have been declining year by year. Some enterprises in developed countries have purchased large-scale factories in China's rare earth resources areas because they are not subject to quota restrictions on purchasing primary products of rare earth materials in China. As a result, the quota system for rare earth products implemented in China has been overrun to some extent. It is understood that at present, China's annual exports of rare earths have increased by nearly 10 times compared with 1990, but prices have dropped by more than 55%. On December 25, 2006, the newspaper reported on the chaotic and disorderly situation of the export of rare earth resources in China.
In 2005, China began to regulate and control the rare earth industry, canceled the export tax rebate policy for rare earth products, and the export prices of rare earth products had stabilized, but the effect was not obvious. In 2006, the domestic rare earth export prices continued to decline.
It is understood that the export volume of rare earth products in China accounts for more than 80% of the world's total export volume for a long time. The disorderly and disorderly export, together with the rational utilization rate of rare earths in China, is only about 10%, leading to a sharp decline in China's rare earth industrial reserves.
For the adjustment of rare earth resources export policy, some experts also suggested that the advantages and disadvantages should be weighed according to the current situation at home and abroad, timely adjust the variety and quantity of rare earth exports, and achieve dynamic management. The next step should also be to evaluate the strategic value of various types of rare earth products as soon as possible, and further refine the export directory of rare earth products.
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