Rare earth resource tax has risen by more than 10 times

International Online Report (Reporter Gu Yingyang): From today (April 1), China has unified the standard of rare earth raw ore resource tax. After adjustment, the standards for light rare earth and medium and heavy rare earths are 60 yuan/ton and 30 yuan/ton, respectively, and the increase is more than 10 times. In response to this adjustment, the industry believes that this policy is more conducive to protecting China's rare earth resources. Huang Weizhan, general manager of Zibo Jiahua New Materials Co., Ltd., engaged in deep processing of rare earths, said that although the resource tax increase is relatively large, the impact on rare earth prices is limited. He said: "Adjustment is what I think is the right thing. Adjustment cannot be considered a big adjustment. In fact, one ton of ore (tax) is 60 yuan. This is a very small number. If it is converted to rare earth, it will be a few. Hundreds of dollars, compared to the current price of tens of thousands of dollars, a few hundred dollars is some impact, but can not be said to be big, can only say that the original price is low." China's rare earth reserves account for 36% of the world, Production accounts for 97% of the world. China's rare earth production has exceeded 100,000 tons for five consecutive years since 2005. Due to over-exploitation, China's rare earth resource reserves have declined rapidly, and environmental pollution problems in the production of rare earths have become increasingly prominent. Wang Caifeng, head of the preparatory group of China Rare Earth Industry Association, said that the resource tax increase is to restrict the situation of private mining and disorderly mining of rare earths by tax leverage, and to raise and levy rare earth resource tax, which is a good thing for resource protection and industry development. . He said: "I think that raising the resource tax is conducive to curbing the chaotic situation of rare earth mines. It is an overall requirement for environmental ecology to develop resources in an orderly manner. It is also an overall requirement of environmental ecology. I think this should be adjusted. And adjusting the resource tax is not the idea put forward in the past two years. As early as many years ago, relevant experts, including many companies, have also raised this aspect of the report." The State Council executive meeting recently researched and deployed to promote the continued growth of the rare earth industry. The policy measures for healthy development, the meeting proposed, strive to use five years or so to form a sustainable development pattern of rare earth industry with rational development, orderly production, efficient use, advanced technology and intensive development. According to the latest requirements of the Ministry of Land and Resources of China, the total amount of rare earth mining in China will be controlled at 93,800 tons this year; China will implement the new “Rare Earth Industrial Pollutant Emission Standards” from October 1 this year, which aims to improve the rare earth industry. The entry barrier will promote the sustainable and healthy development of the rare earth industry.  

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