XIAMEN TUNGSTEN CONF: Environment tax will add 2,000 yuan/t on APT costs from 2018

The Environment Tax Law, effective from January 1, 2018, will add up to 2,000 yuan ($301) per tonne to ammonium paratungstate (APT) costs, sources reported to Metal Bulletin at the conference held on November 9-10 in Xiamen city, Fujian province, China.

The Environment Tax Law was approved at the end of the National People's Congress Standing Committee meeting, held in December 2016, to replace the "pollutant discharge fee" collected since 1979. The new regime will see polluters taxed under a uniform set of national rules rather than the fees being collected at the local level. The law targets enterprises and public institutions that discharge listed pollutants, for example: air, water, solids and noise, directly into the environment. APT processed from tungsten concentrates produce the most pollutants among the whole tungsten industry chain. An average of 2,000 yuan per tonne of cost will be added to...

Published

Anna Xu

November 13, 2017

14:50 GMT

Shanghai