A bulldozer at a rare earth metals mine in Nancheng county, Jiangxi province, China. Photo: Reuters

Explainer: Why Beijing cut the tax rate on rare earths amid the escalating US-China trade war

  • Industry observers say the move is meant to boost production, make it economically feasible to exploit low-grade deposits and maintain the country’s edge in the sector
  • A lower tax rate of 20 per cent on miners of heavy rare earths takes effect from September 2020
Topic |   US-China trade war

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A bulldozer at a rare earth metals mine in Nancheng county, Jiangxi province, China. Photo: Reuters
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