Update on the exports quota regime by the Chinese government, taken from Steel Guru
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The Central Government of China has recently announced the second export quota for such rare metals as molybdenum, tungsten and so on to be shipped from China.
According to this announcement, the quantities of rare metals allocated for exports as the second time are 10,161 tonnes on material base of molybdenum for metallurgical use specified for 19 companies and 5,126 tonnes on W content base of tungsten and its relative products.
The second export quota includes 1,360 tonnes on material base of molybdenum for chemical use compared with 3,179 tonnes for the first export quota specified for 10 companies and 1,303 tonnes on material base of molybdenum products compared to 3,039 tonnes for the first export quota specified for 15 companies.
The first export quota for shipments in 2008 was announced on the 27th December of 2007 with 23,711 tonnes on material base of molybdenum for metallurgical use and 13,666 tonnes on W content base of tungsten and its relative products. Consequently, the total quantities allocated for exports in the calendar year of 2008 as announced in the first and second times come to 33,872 tonnes on material base of molybdenum for metallurgical use and 18,792 tonnes on W content base of tungsten and its relative products.
The quantities on material base of molybdenum exported from China in the calendar year of 2007 were,
1. Ferromolybdenum 21,133 tonnes
2. Molybdenum oxide 24,834 tonnes
3. Total 45,967 tonnes.
In view of the actual quantity of molybdenum exported from China in the calendar year of 2007, the export quota of molybdenum allocated for the second half of 2007 was inefficient.
The total quantity of molybdenum allocated for exports from China in 2008 as announced in the first and second times comes to 33,872 tonnes on material base, which is a considerable decrease of 26.3% compared with that exported by China in the preceding year of 2007.
