Comments on this forum should never be taken as investment advice.
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
No more cheap rare earths
No more cheap rare earths
China has started charging a tax on rare earth minerals, ending a "cheap rare earth era", according to a statement issued jointly by the Ministry of Finance and the State Administration of Taxation. The tax rate was set at 60 yuan ($9) per ton on light rare earths and $30 per ton on medium and heavy rare earths. The resource tax, which took effect on Friday, is one in a series of measures unveiled this year by Chinese authorities to upgrade the rare earth industry. China's Ministry of Environmental Protection announced in March that tougher rules on emission limits for producing rare earths will take effect on Oct 1. Xinjiang
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
|
|