China to raise rare earth ex­port tar­iffs in 2011

The Pak Banker - - International3 -

BEI­JING: China plans to raise ex­port taxes on some rare earths in its an­nual ad­just­ment of im­port and ex­port taxes that takes ef­fect on Jan 1, the Min­istry of Fi­nance said on Tues­day. China will keep low im­port tar­iffs on 600 im­por­tant ma­te­ri­als and com­po­nents while con­tin­u­ing to tax ex­ports of en­ergy-in­ten­sive com­modi­ties such as coal, crude oil, fer­til­izer and non­fer­rous met­als, the Min­istry said in a state­ment on its web­site. -Ap

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