- Published: Monday, 09 February 2015 13:53
- Written by E&MJ News
The dynamics of rare earths supply are changing again, according to a new report from Roskill. On January 21, the Chinese Ministry of Commerce announced that it will remove taxes on export sales of rare earths on May 2. The announcement follows the news at the end of last year that rare earths exports would instead be subject to an export licensing regime. China was widely expected to abolish the quota system and taxes following a World Trade Organization (WTO) ruling in March 2014 that the tariff and quota system was discriminatory and gave unfair advantage to domestic consumers. Rare earth exports were subject to 15% or 25% tariffs in 2014.