From Lynas RE price chart:
"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;"
http://www.lynascorp.com/Pages/what-are-their-prices.aspx
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.
if re price drop further? , page-65
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