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One less thing in the US 300 billion tax collection list
Yin Zhe Science and Technology Power 3 days ago
On Monday (13th) local time, the US Trade Representative Office issued an announcement publicizing a list of tariffs on about $300 billion in Chinese exports to the United States.
Just last Friday (10th), US Trade Representative Wright Heze stated that the list released on Monday will be for all Chinese products that have not yet been subject to tariffs.
However, the list shows that “all” in Wright's mouth does not contain resources such as rare earths and key minerals, and excludes drugs and specific medical products from China.
As we all know, China is the world's largest producer of rare earths. Earlier, the observer network columnist Jin Canrong also pointed out that one of the three trump cards that China won to win the trade war was to control the export of rare earth to the United States.
For this detail, on the evening of the 14th, Reuters quoted the consulting firm Adamas Intelligence as saying: "(Rare earth, etc.) is vital to US industry and national defense. There is no other supply to replace in the short term. If tariffs are imposed, it will make The United States suffers more from China than from China."
Rare earths, key minerals, etc. are not listed
The list published for the night was 142 pages, covering 3,805 products, including consumer goods, clothing, household goods, mobile phones, laptops, etc., up to 25% tariff.
However, the USTR made it clear in the announcement that the products to be taxed do not include drugs, specific medical products, rare earth materials and critical minerals.
As for how to implement, USTR announced the timetable:
Evidence and materials submitted for public hearings before June 10;
Submit written comments before June 17 and hold a public hearing on the above list;
Rebuttals after the hearing is submitted before June 24.
It is worth noting that, in contrast, last year's 200 billion dollar commodity taxation consultation spanned 71 days, and this time only 42 days.
China's unique medium and heavy rare earth
Rare earths have always been the focus of Sino-US trade frictions that cannot be ignored. From the point of view of resource endowments, China's rare earth reserves account for not only 23% of the world's total reserves, but also have many types and features.
What is even more exciting is that Zhongtai Securities released a research report in April last year: "China's unique ionic (mainly heavy-weight) rare earth minerals are rich in scarce medium- and heavy-earth rare earth elements, which are truly dominant and have A strategic resource with absolute competitive advantage."
(Observer's net note: medium and heavy rare earths include 钐, 铕, 钆, 铽, 镝, 钬, 铒, 铥, 镱, 镥, 钪, 钇)
From the application point of view, Zhongtai Securities emphasized: “The downstream consumption of rare earths is mostly concentrated in strategic emerging fields such as new energy and new materials, and its potential demand is promising for a long time, especially the consumption of rare earth permanent magnet materials in the field of new energy vehicles. Greater growth potential."
When it comes to new energy vehicles, lithium resources are always a topic that cannot be bypassed.
It is worth mentioning that Observer Network previously reported that US government officials plan to meet with US automakers and lithium miners in May and will launch the nationwide electric vehicle supply chain strategy for the first time.
Behind this news, China produces nearly two-thirds of the world's lithium-ion batteries, while the United States only accounts for 5%.
On the other hand, lithium was also listed as one of the 35 key minerals by the US Department of the Interior last year.
On February 16, last year, the US Department of the Interior issued the "Key Minerals List" (draft) (hereinafter referred to as "List"), which involved 35 kinds of metals that are highly dependent on the United States and are vital to the economic development of the United States and national security. mineral.
Although in the "List", the top producers and top suppliers of lithium resources are Australia and Chile, it should not be overlooked that the top producers of 19 minerals are China, accounting for more than 50%; 13 minerals The top supplier is China, accounting for 37%.
Among them, rare earth elements are classified into a single category, and China plays the role of top producers and top suppliers.
Top producers are China: aluminum, tantalum, arsenic, barite, tantalum, fluorite, gallium, germanium, natural graphite, indium, magnesium, manganese, rare earth elements, antimony, bismuth, tin, titanium, tungsten, vanadium
Reuters reported that today, most of the above 35 minerals are subject to US tariffs on Chinese goods, but rare earths, antimony (for batteries and flame retardants), antimony, natural graphite, etc. are still not subject to tariff restrictions. .
In addition, the sputum and sputum used for scientific research are not mined in the United States, and the fluorite used to make gasoline, steel and uranium fuel has not been affected.
“Too focused on mining, the United States ignores the entire supply chain”
What makes the United States even more worried is that it is not only mining, but also the integration of supply chains such as rare earth refining and production. China is also superior in strength.
“The United States is too focused on rare earth mining rather than the entire rare earth supply chain.” In March of this year, James Kennedy, president of ThREE Consulting, which focuses on the rare earth industry, wrote that hundreds of rare earth mining projects were launched outside of China, mistakenly making people think of the West. The dependence on China's rare earths is declining.
However, most of the above projects failed.
According to him, "In the more than 400 rare earth start-up companies listed in 2012, there were fewer than five in the production stage, and only two of them reached a certain level. One of them was revived in China after bankruptcy, and the other was Lost business license in the short term."
In addition, as mentioned earlier, since the United States has not attracted sufficient attention to the entire supply chain, the negative effects on its national security and economic security have emerged.
"If you tell the US policymakers that China will choose to embargo these materials, it will be possible to shut down all the cars, computers, smartphones and aircraft production lines in other countries. They must be stunned."
Even James Kennedy bluntly pointed out: "Western military procurement is under Chinese control."
The reason, "all defense and technology applications start with rare earth metals or other post-oxides, rather than newly mined ores or oxides." By contrast, China has locked in access to rare earth metals, Alloys, magnets and most oxide pathways.
China opens gap with the United States in the number of applications for rare earth patents
In addition, ThREE survey found that since 2011, China's annual rare earth patent applications have exceeded the sum of the rest of the world. By the beginning of 2021, China will accumulate more rare earth patents than the rest of the world.
Chinese companies can destroy or abolish existing non-Chinese patents through legal actions such as patent litigation and patent blockade. Compared with other countries in the world, China's patent applications are still accelerating, increasing by 250% from 2011 to 2018.
It is precisely because of the above facts that Observer Network columnist Jin Canrong mentioned in his "China has three trump cards to win the trade war" the first trump card: "To completely ban the export of rare earth to the United States."
He mentioned: "If the export to the United States is completely banned, it will force the United States to mine its own rare earth. Because the demand is too large, it takes several years for the mining volume to meet the requirements, and there will be a gap period in the middle."
Jin Canrong even believes: "When the rare earth industry in the United States is fully restored, China's high-end chips can be exported."
Coincidentally, the United States on the rare earth resources dilemma, the previous Adamas Intelligence also expressed the same concern: "In the short term, the United States will not find a replacement, therefore, if you want to tax the rare earth products, will only let their situation Worse."
Always is our win--- Donald Trump
One less thing in the US 300 billion tax collection list
Yin Zhe Science and Technology Power 3 days ago
On Monday (13th) local time, the US Trade Representative Office issued an announcement publicizing a list of tariffs on about $300 billion in Chinese exports to the United States.
Just last Friday (10th), US Trade Representative Wright Heze stated that the list released on Monday will be for all Chinese products that have not yet been subject to tariffs.
However, the list shows that “all” in Wright's mouth does not contain resources such as rare earths and key minerals, and excludes drugs and specific medical products from China.
As we all know, China is the world's largest producer of rare earths. Earlier, the observer network columnist Jin Canrong also pointed out that one of the three trump cards that China won to win the trade war was to control the export of rare earth to the United States.
For this detail, on the evening of the 14th, Reuters quoted the consulting firm Adamas Intelligence as saying: "(Rare earth, etc.) is vital to US industry and national defense. There is no other supply to replace in the short term. If tariffs are imposed, it will make The United States suffers more from China than from China."
Rare earths, key minerals, etc. are not listed
The list published for the night was 142 pages, covering 3,805 products, including consumer goods, clothing, household goods, mobile phones, laptops, etc., up to 25% tariff.
However, the USTR made it clear in the announcement that the products to be taxed do not include drugs, specific medical products, rare earth materials and critical minerals.
As for how to implement, USTR announced the timetable:
Evidence and materials submitted for public hearings before June 10;
Submit written comments before June 17 and hold a public hearing on the above list;
Rebuttals after the hearing is submitted before June 24.
It is worth noting that, in contrast, last year's 200 billion dollar commodity taxation consultation spanned 71 days, and this time only 42 days.
China's unique medium and heavy rare earth
Rare earths have always been the focus of Sino-US trade frictions that cannot be ignored. From the point of view of resource endowments, China's rare earth reserves account for not only 23% of the world's total reserves, but also have many types and features.
What is even more exciting is that Zhongtai Securities released a research report in April last year: "China's unique ionic (mainly heavy-weight) rare earth minerals are rich in scarce medium- and heavy-earth rare earth elements, which are truly dominant and have A strategic resource with absolute competitive advantage."
(Observer's net note: medium and heavy rare earths include 钐, 铕, 钆, 铽, 镝, 钬, 铒, 铥, 镱, 镥, 钪, 钇)
From the application point of view, Zhongtai Securities emphasized: “The downstream consumption of rare earths is mostly concentrated in strategic emerging fields such as new energy and new materials, and its potential demand is promising for a long time, especially the consumption of rare earth permanent magnet materials in the field of new energy vehicles. Greater growth potential."
When it comes to new energy vehicles, lithium resources are always a topic that cannot be bypassed.
It is worth mentioning that Observer Network previously reported that US government officials plan to meet with US automakers and lithium miners in May and will launch the nationwide electric vehicle supply chain strategy for the first time.
Behind this news, China produces nearly two-thirds of the world's lithium-ion batteries, while the United States only accounts for 5%.
On the other hand, lithium was also listed as one of the 35 key minerals by the US Department of the Interior last year.
On February 16, last year, the US Department of the Interior issued the "Key Minerals List" (draft) (hereinafter referred to as "List"), which involved 35 kinds of metals that are highly dependent on the United States and are vital to the economic development of the United States and national security. mineral.
Although in the "List", the top producers and top suppliers of lithium resources are Australia and Chile, it should not be overlooked that the top producers of 19 minerals are China, accounting for more than 50%; 13 minerals The top supplier is China, accounting for 37%.
Among them, rare earth elements are classified into a single category, and China plays the role of top producers and top suppliers.
Top producers are China: aluminum, tantalum, arsenic, barite, tantalum, fluorite, gallium, germanium, natural graphite, indium, magnesium, manganese, rare earth elements, antimony, bismuth, tin, titanium, tungsten, vanadium
Reuters reported that today, most of the above 35 minerals are subject to US tariffs on Chinese goods, but rare earths, antimony (for batteries and flame retardants), antimony, natural graphite, etc. are still not subject to tariff restrictions. .
In addition, the sputum and sputum used for scientific research are not mined in the United States, and the fluorite used to make gasoline, steel and uranium fuel has not been affected.
“Too focused on mining, the United States ignores the entire supply chain”
What makes the United States even more worried is that it is not only mining, but also the integration of supply chains such as rare earth refining and production. China is also superior in strength.
“The United States is too focused on rare earth mining rather than the entire rare earth supply chain.” In March of this year, James Kennedy, president of ThREE Consulting, which focuses on the rare earth industry, wrote that hundreds of rare earth mining projects were launched outside of China, mistakenly making people think of the West. The dependence on China's rare earths is declining.
However, most of the above projects failed.
According to him, "In the more than 400 rare earth start-up companies listed in 2012, there were fewer than five in the production stage, and only two of them reached a certain level. One of them was revived in China after bankruptcy, and the other was Lost business license in the short term."
In addition, as mentioned earlier, since the United States has not attracted sufficient attention to the entire supply chain, the negative effects on its national security and economic security have emerged.
"If you tell the US policymakers that China will choose to embargo these materials, it will be possible to shut down all the cars, computers, smartphones and aircraft production lines in other countries. They must be stunned."
Even James Kennedy bluntly pointed out: "Western military procurement is under Chinese control."
The reason, "all defense and technology applications start with rare earth metals or other post-oxides, rather than newly mined ores or oxides." By contrast, China has locked in access to rare earth metals, Alloys, magnets and most oxide pathways.
China opens gap with the United States in the number of applications for rare earth patents
In addition, ThREE survey found that since 2011, China's annual rare earth patent applications have exceeded the sum of the rest of the world. By the beginning of 2021, China will accumulate more rare earth patents than the rest of the world.
Chinese companies can destroy or abolish existing non-Chinese patents through legal actions such as patent litigation and patent blockade. Compared with other countries in the world, China's patent applications are still accelerating, increasing by 250% from 2011 to 2018.
It is precisely because of the above facts that Observer Network columnist Jin Canrong mentioned in his "China has three trump cards to win the trade war" the first trump card: "To completely ban the export of rare earth to the United States."
He mentioned: "If the export to the United States is completely banned, it will force the United States to mine its own rare earth. Because the demand is too large, it takes several years for the mining volume to meet the requirements, and there will be a gap period in the middle."
Jin Canrong even believes: "When the rare earth industry in the United States is fully restored, China's high-end chips can be exported."
Coincidentally, the United States on the rare earth resources dilemma, the previous Adamas Intelligence also expressed the same concern: "In the short term, the United States will not find a replacement, therefore, if you want to tax the rare earth products, will only let their situation Worse."
Always is our win--- Donald Trump
