"The table below shows the domestic Chinese price (the price inside China) for Rare Earths in US$/kg; the domestic price is related to the FOB price and can be calculated by taking FOB price less VAT, less export taxes (which range for 15% to 25%), the export quota cost;"
They still doesn't provide a rate for VAT but confirms Lynas believes it applies. Methodology is rather warped for mine, the imposts do not cover anywhere near the full disparity in prices. That's a query to Lynas & another reason I don't attach much significance to "basket" prices.
LYC Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)