Ucore Rare Metals Inc (UURAF)

[henke]

Jan 05, 2011 - "Strategic Metal Supplies Will Tighten in 2011"

In addition to a tighter export quota, China’s Ministry of Finance has announced that it will increase export taxes on select rare earth metals such as dysprosium, neodymium, terbium and lanthanum, from the existing 0–15% up to 25%. According to Peng Bo, an analyst at Guosen Securities Co., “The government simply wants the same tax standard to apply to all key rare earth elements of which it wants to control shipments.” The new taxes will be effective from January 1, 2011. The government also intends to limit the production and exploitation of the metals to ensure sustainable development as per WTO policies.

http://www.marketoracle.co.uk/Article25386.html