Industry news

On August 26, the 12th meeting of the Standing Committee of the 13th National People's Congress passed the Resource Tax Law of the People's Republic of China, which will come into effect on September 1, 2020. The Provisional Regulations of the People's Republic of China on Resource Tax, issued by the State Council on December 25, 1993, were simultaneously abolished. According to the new law, the tax rate for light rare earth beneficiation in the field of rare earth is 7% to 12%; The tax rate for medium and heavy rare earth ore dressing is 20%.

On September 20th, the 2019 China Rare Earth Industry Prosperity Index was released at the Baotou Rare Earth Industry Forum in China. The index will help Baotou, the "capital of rare earths," become a hub for rare earth industry information, accelerate the informatization process of the rare earth industry, and enhance China's international influence on rare earths.

Recently, Meng Wei, spokesperson for the National Development and Reform Commission, stated at a press conference on macroeconomic operations that the country is urgently studying and introducing relevant policy measures to effectively leverage the special value of rare earths as strategic resources. From the statement of the National Development and Reform Commission, controlling rare earth production will be the main direction of rare earth policies in the future. For breakthroughs in core technologies for high-end applications, relevant incentive policies will be introduced in the future.

Recently, foreign media reported on the establishment of a joint venture company by rare earth suppliers from the United States and Australia, which has attracted a lot of attention. Some analysts believe that this move is to fill a key gap in the US rare earth supply chain. But is it really so easy to fill the gap?

"China's Dangerous Monopoly on Metals: Controlling Rare Earth Supply gives Beijing an economic and military advantage over the United States." The Wall Street Journal of the United States published a commentary article on the 14th, stating that the United States has ignored China's "rule" and "monopoly" on rare earths and called on the United States to reach relevant provisions with China on rare earth trade and pricing. Regarding the above statements made by American media, Lin Boqiang, Dean of the China Energy Policy Research Institute at Xiamen University, refuted that China has a huge say in the rare earth field, but has not attempted to control rare earth resources and their pricing, and rare earths will not become a bargaining chip for China in political games.

The "Top 10 Science and Technology News of China's Rare Earths in 2018", sponsored by the China Rare Earth Society and Baotou Rare Earth Research Institute, hosted by the "China Rare Earth" website, and co organized by media such as Rare Earth Information and Rare Earth, has been announced recently. The selection results will be published on the website of the China Rare Earth Society, China Rare Earth website, and Rare Earth Information magazine. The top ten science and technology news selected this time were selected from over 100 rare earth science and technology news articles of 2018, which underwent two stages of initial review and expert evaluation.