China to end export tax on rare earths and other metals

On April 23, 2015, China decided to eliminate tariffs on rare earths and other such as tungsten, molybdenum and fluorspar starting from May 1 according to the Chinese Ministry of Finance. This might be the end an international trade dispute caused by this controversial policy.

sands cones - minerals of mining industry
sands cones – minerals of mining industry

China is the biggest producer and consumer of rare earths and responsible for approximately 93% of the world’s rare earth output, but in 2009 the country imposed export restrictions in an attempt to develop its own industry. As a reminder, rare earths are crucial elements for the manufacturing of a wide range of high tech devices, mobile and smart phones, products in the automotive industry etc.

After the implementation of the export tax ,an abrupt reduction in export quotas in 2010 left traders short and froze a high demand on the global market.

As a response to the abolishment of the tax , Bejing will put in place reforms to keep a certain control on its market: today’s chinese rare earth export tax rates currently range from 15 to 25%: 15% for light rare earth elements and 25% for heavy rare earth elements  but Bejing will implement a rare earth resource tax on domestic rare earth products.

rare earth minerals found in China- bloomberg.com
rare earth minerals found in China- bloomberg.com

The abolition of this restriction could push up the demand of rare earth demand on the global market and has already pushed a number of market speculation.

Forecasting the boom of demand and export of rare earth products , Shanghai Metal Corporation offers a wide range of rare earth metal products . You can visit the company’s website , contact us and follow us on twitter and facebook for more information and news on metal

source: bloomberg.com and www.mining.com

Scan the QR code below and stay informed about our latest updates:

SMC QRFollow us on these social media platforms:

    

Houria // SMC Editor

3 Funniest Animal Escape Videos

caton laptop

Since animals rule the internet, it may be smart for you to learn another skill from them – escape artistry. Here are SMC’s picks for the top 3 funniest animal escape videos trending this year:

1) Animal Escapees That Can’t Be Tamed:

2) Baby Panda Falls Out Of Cage (Chengdu, China):

3) German Shepherd Escape Prank:

Fences aren’t always necessary, but they can be important for helping your pet learn boundaries. For some ideas on how to safely keep your friend contained when they need to be, why not use Shanghai Metal’s steel wire for pet cages? As an ISO 14001 (International Quality Management System) Company and recipient of the “Star Enterprise Award,” Shanghai Metal Corporation prides itself on exceeding international standards of quality and reliability. We guarantee the best prices, quality support, and fast delivery. To find out more, please visit our Tumblr, WordPress,  LinkedIn , Twitter , Facebook  and Instagram. Or you could try our new mobile app by scanning our QR code. Moreover, we sell directly from Alibaba , EC21 and Tradekey.

You can also read more articles by our team at SMC:

What Hollywood Finally Got Right About Science

 How To Make A Statement At Business Networking Events

Foods That Grow In Surprising Ways

Women’s Gifts To The World

Woman Addicted To Eating Mattresses

A World Without Mirrors – What Would Change?

Man Of Steel: Why It Wasn’t Called ‘Superman’?

Top 4 Funniest Airplane Stories

The Aftermath Of The BP Oil Spill

Who To Blame (Or Thank) For Your Braces

3 Most Creative Statues

How To Do A Better Job Than Jack

Get Your Own DeLorean Time Machine

4 Strange Stockpiling Panics

Live Clean Or Die Hard

Top 3 Ammunition Alternatives

Top 10 Countries For Internet Speed

Drunk Man Found In Container Bound For The USA

Containers – The New Political Soapbox

Move Along Airplanes – Submarines Overtake Travel

Thor’s Hammer: The Science

Shipping Container City – Shanghai Immigrant’s Homes

Can You Do A 360 Degree Loop On A Swing Set?

Become Bullet Proof …Using Water

Counterfeit Money Cases

LEGO Lands On British Shores

Innovative Uses of Soap

Air Quality – What Can Be Done?

Team Building Exercises – A New Spin

How Much Petrol Costs Internationally

The Antarctican Training Programme – Could You Make It?

What Is The Mirror Paradox?

Do Oil Discoveries Cause Conflict?

Should We All Switch To Cycling?

Where Did ‘Loom Bands’ Come From?

Are You Apocalypse Ready?

Could You Abseil Down Big Ben?

Building Your Dream Kitchen

How A Tiny Anchor Can Hold A Whole Ship

Did You Know There Are 14 Kinds Of Spoon?

How To Make A Statement At Business Networking Events

How Do Telephones Actually Work?

Top 5 Funniest Airplane Stories

To Escalate Or Not To Escalate? That Is The Question

Revising The Facts – Car Fatalities Are Actually Falling

Like To Get A Souvenir From The USA – Why Not A 335 Metre Steel Bridge?

Are Locks As Easy To Pick As In The Movies?

Modernity In Cinema-Friend Or Foe?

How To Survive an Elevator Crash

Umbrellas – Can You Guess Where They Are From?

Pylons – The Under Appreciated Life Bringer

Imagine A Summer Without Air Conditioning

The Secret To The Perfect Shave – Stainless Steel Razors

Man Of Steel: Why It Wasn’t Called ‘Superman’ 

The Science Behind Saw – Could It Really Have Cut Through Bone?

What Hollywood Finally Got Right About Science

Modern Metal Revamps Ancient Weapons

Why You Should Thank Carbon Steel for Your Flavorsome Stir Fry

Good News for China’s Steel Sector

Quiz – How Much Of Your High School Chemistry Do You Remember?

How You Can Get Your Own Game Of Thrones Valyrian Style Blade

Tired Of Wasting Money On Expensive Morning Coffees? Why Not Invest In A Stainless Steel Coffee Maker

Is Stainless Steel Really Stainless?

 

Sources: New Dog World, Huffington Post, People pets, Youtube.com

 

Siobhan R.// SMC Editor

SMC QR code

#BuildingValueAcrossTheGlobe