Industry sources said that this move will increase the use of rare earth resources due to the impact of rising resource taxes, experienced rare earth prices may rise again.
The Ministry of Finance and the State Administration of Taxation issued a notice a few days ago and decided to adjust the standard for rare earth ore resources tax amount from April 1 onwards. After adjustment, the tax amount per ton rose from the previous 0.50 to 3.00 yuan/ton to 30 to 60 yuan/ton. Ton. The adjusted tax amount is as follows: Light rare earths include bastnaesite and monazite deposits, which are levied at RMB 60/tonne; medium and heavy rare earths include bismuth ore and ionic rare earth ore, which is levied at RMB 30/ton.
"This increase in resource tax is very beneficial to improving the utilization rate of rare earth resources. Of course, it will certainly add the cost of this to the price of rare earths." The head of a rare earth separation company in Jiangxi told the "First Financial Daily" yesterday.
Rare earths are widely used and are the collective name for 17 rare elements. Rare earths are found in iPhones, energy-saving lamps, automobile exhaust catalysts, and petroleum smelters and military engineers.
Orient Securities statistics show that the prices of major rare earth oxides have risen by more than 40% since the beginning of 2011, and prices have reached new highs. Taking cerium oxide as an example, as of March 3, its price reached 39.99 million yuan/ton, which has risen by 53.2% since the beginning of the year.
Since 2009, as the state has stepped up efforts to rectify the rare earth industry, the original low-cost rare earth prices have risen sharply, and the rare earth resources tax has been very low. Earlier, the "Detailed Rules for the Implementation of the Provisional Regulations on the Resource Tax of the People's Republic of China" and the attached "Resource Tax Items Schedule" showed that the rare earth metal mines belong to the listed "other non-ferrous metal mine ore" tariff items, and they are "0.50 to 3.00 yuan/ton". Pay resource tax.
Professor Wang Guozhen, a rare earth industry expert and professor of the China Nonferrous Metals Design and Research Institute, told the newspaper yesterday that the ultimate goal of the country’s substantial increase in rare earth resource taxes is to increase resource utilization and protect the environment.
According to him, when the price of rare earth is low and the resource tax is very low, the recovery rate of rare earth mining in the country is generally low. Many mines with higher grades are treated as tailings and discharged to tailings dams. "very serious.
Even if the price of rare earths has risen sharply, due to the low resource tax, “collecting wealth from poverty†is still very serious. However, the price of rare earths rose sharply last year, making some of the original low-grade mines already have mining value. The above-mentioned person in charge of the Jiangxi rare earth separation company stated that “In the past, the southern ionized ore grade was at 8%. None of the following will be adopted, and now it is 4%. All of them have been adopted.â€
Since 2005, China’s output of rare earth has exceeded 100,000 tons for 5 consecutive years, and its output has reached 124.8 thousand tons in 2008. In 2009, the output of rare earth oxides in China was 120,000 tons, accounting for 97% of global production.
It is said that the rare earth mining process is: raw ore - refined into concentrate - separated into various rare earth oxides. "Because of the different grades of rare earth ore in each place and the different resource recovery rates, the amount of ore per ton of rare earth ore is different," said Wang Guozhen.
Taking Baotou Light Rare Earth Mine as an example, the rare earth ore grade in this region is between 5% and 6%. If 80,000 tons of rare earth oxides are produced in a year and the resource recovery rate is 80%, then more than 1.6 million tons to 2 million tons will be mined. Raw ore.
According to Wang Guozhen, a resource tax of 30 to 60 yuan/ton should be affordable, and it will not have much impact on the operation of the company.
The above-mentioned person in charge of the rare earth separation company in Jiangxi also told this newspaper that from the perspective of protecting resources and the environment, the state should levy a resource tax, but these cost increases will be reflected in the price.
According to the scope of this taxation, only the original ore mining companies are not involved, and they are not targeted at separating companies. However, the person in charge of this rare earth separation company told the newspaper that "in fact, some places have imposed a resource tax on the segregated companies. Now we are purchasing a ton of concentrate with a grade of about 92%, and we must pay a resource tax of 600 yuan to local governments. government."
Orient Securities analyst Yang Baofeng believes that the national level of rare earth storage policy is expected to be introduced in the near future, is expected to further boost the price of rare earth.
In order to promote environmental protection in the rare earth industry, in February this year, the Ministry of Environmental Protection promulgated the "Rare Earth Industrial Pollutant Emission Standard", which was implemented from October 2011. Due to the substantial increase in environmental protection standards, the cost of rare earth production will also increase substantially.
The Ministry of Finance and the State Administration of Taxation issued a notice a few days ago and decided to adjust the standard for rare earth ore resources tax amount from April 1 onwards. After adjustment, the tax amount per ton rose from the previous 0.50 to 3.00 yuan/ton to 30 to 60 yuan/ton. Ton. The adjusted tax amount is as follows: Light rare earths include bastnaesite and monazite deposits, which are levied at RMB 60/tonne; medium and heavy rare earths include bismuth ore and ionic rare earth ore, which is levied at RMB 30/ton.
"This increase in resource tax is very beneficial to improving the utilization rate of rare earth resources. Of course, it will certainly add the cost of this to the price of rare earths." The head of a rare earth separation company in Jiangxi told the "First Financial Daily" yesterday.
Rare earths are widely used and are the collective name for 17 rare elements. Rare earths are found in iPhones, energy-saving lamps, automobile exhaust catalysts, and petroleum smelters and military engineers.
Orient Securities statistics show that the prices of major rare earth oxides have risen by more than 40% since the beginning of 2011, and prices have reached new highs. Taking cerium oxide as an example, as of March 3, its price reached 39.99 million yuan/ton, which has risen by 53.2% since the beginning of the year.
Since 2009, as the state has stepped up efforts to rectify the rare earth industry, the original low-cost rare earth prices have risen sharply, and the rare earth resources tax has been very low. Earlier, the "Detailed Rules for the Implementation of the Provisional Regulations on the Resource Tax of the People's Republic of China" and the attached "Resource Tax Items Schedule" showed that the rare earth metal mines belong to the listed "other non-ferrous metal mine ore" tariff items, and they are "0.50 to 3.00 yuan/ton". Pay resource tax.
Professor Wang Guozhen, a rare earth industry expert and professor of the China Nonferrous Metals Design and Research Institute, told the newspaper yesterday that the ultimate goal of the country’s substantial increase in rare earth resource taxes is to increase resource utilization and protect the environment.
According to him, when the price of rare earth is low and the resource tax is very low, the recovery rate of rare earth mining in the country is generally low. Many mines with higher grades are treated as tailings and discharged to tailings dams. "very serious.
Even if the price of rare earths has risen sharply, due to the low resource tax, “collecting wealth from poverty†is still very serious. However, the price of rare earths rose sharply last year, making some of the original low-grade mines already have mining value. The above-mentioned person in charge of the Jiangxi rare earth separation company stated that “In the past, the southern ionized ore grade was at 8%. None of the following will be adopted, and now it is 4%. All of them have been adopted.â€
Since 2005, China’s output of rare earth has exceeded 100,000 tons for 5 consecutive years, and its output has reached 124.8 thousand tons in 2008. In 2009, the output of rare earth oxides in China was 120,000 tons, accounting for 97% of global production.
It is said that the rare earth mining process is: raw ore - refined into concentrate - separated into various rare earth oxides. "Because of the different grades of rare earth ore in each place and the different resource recovery rates, the amount of ore per ton of rare earth ore is different," said Wang Guozhen.
Taking Baotou Light Rare Earth Mine as an example, the rare earth ore grade in this region is between 5% and 6%. If 80,000 tons of rare earth oxides are produced in a year and the resource recovery rate is 80%, then more than 1.6 million tons to 2 million tons will be mined. Raw ore.
According to Wang Guozhen, a resource tax of 30 to 60 yuan/ton should be affordable, and it will not have much impact on the operation of the company.
The above-mentioned person in charge of the rare earth separation company in Jiangxi also told this newspaper that from the perspective of protecting resources and the environment, the state should levy a resource tax, but these cost increases will be reflected in the price.
According to the scope of this taxation, only the original ore mining companies are not involved, and they are not targeted at separating companies. However, the person in charge of this rare earth separation company told the newspaper that "in fact, some places have imposed a resource tax on the segregated companies. Now we are purchasing a ton of concentrate with a grade of about 92%, and we must pay a resource tax of 600 yuan to local governments. government."
Orient Securities analyst Yang Baofeng believes that the national level of rare earth storage policy is expected to be introduced in the near future, is expected to further boost the price of rare earth.
In order to promote environmental protection in the rare earth industry, in February this year, the Ministry of Environmental Protection promulgated the "Rare Earth Industrial Pollutant Emission Standard", which was implemented from October 2011. Due to the substantial increase in environmental protection standards, the cost of rare earth production will also increase substantially.
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