IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 18 Oct 2011 | Removal date: open ended
Still in force

Export tax

In October 2011, numerous and consistent press articles reported on two incidences of potential price manipulation of the price of Chinese rare earths exports.
 
On 18 October 2011, the largest Chinese rare earth mining company Baotou announced a halt to its production. The company said it would pause production for a month "balancing supply and demand." Baotou's share in Chinese rare earth extraction is estimated to lie around 40 percent.
 
A second string of press reports hints at the informal enforcement of "minimum export prices" through the Chinese customs authorities. Apparently, export contracts had to be rewritten in order to qualify for international shipment.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

161 Chemical & fertilizer minerals
2530 Mineral substances not elsewhere specified or included.
253020 Kieserite, epsomite (natural magnesium sulphates)
253090 Other
163 Precious & semi-precious stones; natural abrasives; other minerals
2530 Mineral substances not elsewhere specified or included.
253010 Vermiculite, perlite and chlorites, unexpanded

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