Metals export quota policy adjustments tungsten, molybdenum export release

Commerce Department yesterday issued a list of "2015 tungsten, antimony, silver, indium, tin" and quotas and export enterprises. Reporters noted that the Ministry of Commerce in 2015 to cancel tungsten, molybdenum export quotas on the basis of molybdenum also abolished export qualification management.

In this rare quota indicators, antimony, silver, indium export quota of 70% of the total annual quota, tin export quota of 61% of the total annual quota.

It is worth noting, tungsten, molybdenum is no limit to the number of export quotas, which is a big change since 2010 after a rare export policy adjustments. In fact, as early as November, the Commerce Department has issued export quotas for 2015 varieties of metal industry, tungsten, molybdenum quota has not covered.

China is a big country of rare metals reserves. In order to protect scarce resources, a substantial adjustment in the Chinese export policy after 2010, including a substantial increase in export tariffs. For this reason the international community a voice of opposition, and eventually led to the WTO tariff litigation war against China for two years in Europe, America and Japan. Lawsuit against species including rare earths, tungsten, molybdenum. October 2014, WTO litigation metals to China losing end. This means that China is facing rare metal export policy adjustments.

Although tungsten, molybdenum quotas, but insiders told reporters that the first half of next year temporary or rare earth quotas, the middle of next year, or make some adjustments.

Metals export quota management, in addition to the total amount of management, as well as export enterprise qualification management.

Notice of the Ministry of Commerce yesterday showed that tungsten export qualification list of companies did not change much, the listed company Minmetals, Xiamen Tungsten (600,549, stock it), Chapter Tungsten (002,378, stock it) and others on the list.

According to reports, the international tungsten bid higher domestic and export some profits, but the weakness of the European economy and rampant smuggling, tungsten exports subdued. Weakening domestic tungsten prices decline during the year to over 20%.

Molybdenum addition to the abolition of quotas, also abolished the export business requirements. Reporters learned that, in order to stimulate the sluggish Molybdenum, Molybdenum support export, the Ministry of Commerce in 2015 abolished the molybdenum export qualification. This means, molybdenum export privileges are no longer limited part of the business, and in the next year fully liberalized.

When fully open, molybdenum exports dramatically increase? Analysts believe that it should not be. Because the last two years has not run out of quota molybdenum, such as 2014, molybdenum quota only lost 60% -70%, which means that companies have little interest in molybdenum exports.

"International prices are not higher than the domestic price, plus about 20% of export tariffs, Chinese molybdenum export no price advantage."

"New Deal temporary quota will not affect the pattern of Chinese exports of rare metals, more likely in mid-2015 in the adjustment." One person Minmetals said.


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