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Home / Metal News / China Decides to Remove Export Duty on Rare Earths since May 1

China Decides to Remove Export Duty on Rare Earths since May 1

iconApr 23, 2015 13:14
Source:SMM
China’s Ministry of Finance announced adjustments to export tariffs April 23, removing the export tariffs on rare earth, tungsten and molybdenum.

SHANGHAI, Apr. 23 (SMM) – China’s Ministry of Finance announced adjustments to export tariffs April 23, removing the export duties on rare earths, tungsten and molybdenum since May 1, 2015.

China's imposed 15-25% of export duties on rare earth products before. The move is expected to increase competition of Chinese rare earth products in global markets.

Rare earth stocks on Chinese A-share market surged in response today. 

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China rare earth export duty

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