China will cut Vat tax 3% from 16% to 13%. Not sure when, appears to be soon. I am sure that at first manufactures will try to retain this as profit. Eventually it will lower prices. Monday Nd prices dropped 4 RMB a little over 1% Ce Lynas largest product by volume by 2.5RMB over 2 %.
https://news.metal.com/newscontent/100879916/China-to-cut-manufacturing-VAT-by-3-percentage-points/
China will cut VAT tax
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