China to Keep Restrictions on Rare Earth Exports for Longer Period

MINING.com reported that China’s new tariff plan, released in December, shows that the country plans to keep its export taxes on rare earths, tungsten and molybdenum in place for at least the first quarter of next year.

As quoted in the market news,

Beijing, which lost in August an appeal to the World Trade Organization against an earlier ruling asking the nation to lift export quotas, was expected to remove or at least ease taxes on the coveted elements. However, there has been no official announcement from the Chinese government indicating that the country will scrap rare earth export restrictions next year.

Click here to read the full MINING.com report