A Brief Review of Rare Earth-Related Policies and Events since Entering 2023 and Their Impacts

This week, key stakeholders in Nigerian metal sectors gathered at the fifth National Council on Mining and Mineral Resources Development (NCMMRD) meeting, and discussed lithium.

Some smelters also purchase small amount of nickel ore from the Philippines at a price much higher than the benchmark price of domestic trade.

On August 17, the National Development and Reform Commission and other government departments issued the "Guiding Opinions on Promoting the Recycling of Decommissioned Wind Power and Photovoltaic Equipment", which mentioned that by 2025, the responsibility mechanism for the disposal of decommissioned equipment in centralized wind farms and photovoltaic power stations will be basically established.

Chongqing issued the Notice on Further Optimizing the Use of Housing Provident Funds on August 11.

The Ministry of Finance and other departments issued an announcement on tax policies to further support entrepreneurship and employment of key groups which include those who have been lifted out of poverty (including the monitoring objects for preventing return to poverty) and who have received the Employment and Entrepreneurship Certificate (indicating self-employment tax policy or self-employment tax policy within the year of graduation) or Employment and Unemployment Registration Certificate from January 1, 2023 to December 31, 2027.

Shandong Provincial Department of Industry and Information Technology, Provincial Development and Reform Commission, Provincial Department of Agriculture and Rural Affairs, Provincial Department of Commerce, and Provincial Energy Bureau jointly issued the 2023 Shandong Province New Energy Vehicles Entering to the Countryside Activity Plan.

On July 11, the State Council Information Office held a series of press conferences on the theme of "Authoritative Departments Talking about the Beginning".

Today, the five major state-owned banks in China, including Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Bank of China and Bank of Communications, lowered their deposit interest rates further.

The Indonesian government will ban the construction of smelters that process low-grade nickel products.

According to foreign news on May 24, the Indonesian mining minister told parliament on Wednesday that although the export ban will be implemented in June, Indonesia will allow the export of some raw ore to continue.