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Rare Metal Export Quotas Will Be Finalized Next Year Or Will Be Included In Protective Mining.

2010/11/1 17:55:00 32

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In October 28th,

Ministry of Commerce

Some rare metals (including tungsten, tin, antimony, molybdenum and indium) were released in 2011.

Exit

Quotas.

An industry analyst who declined to be named said that as China controls and controls some "undervalued" and precious metals, its prices and related resources stocks may be similarly "rare-earth hype".

The export quota data of some rare metals released by the Ministry of Commerce show that the export quotas for tungsten and tungsten products are 15 thousand and 700 tons; the export quotas for tin and tin products will be limited to 18 thousand and 900 tons; the export quotas for antimony, molybdenum and indium are 60 thousand and 300 tons, 25 thousand and 500 tons and 233 tons, respectively, in 2011.

Compared with the previous year, export quotas are roughly the same.

What is worth noticing is a report published almost simultaneously by China Securities Journal.

Reported that the territory

Resources

The Ministry is going to include molybdenum in protective mining, and the total amount of management will be implemented next year. It will become the sixth specific mineral species after gold, tungsten, tin, antimony and rare earth.

The report points out that molybdenum is China's dominant mineral resource, and its reserves are 11 million 360 thousand tons, which are concentrated in 8 provinces and autonomous regions such as Henan, Jilin, Shaanxi, Shandong, Hebei, Inner Mongolia, Guangdong and Jiangxi.

According to industry sources, rare metals such as rare earth and molybdenum are China's "dominant minerals", but they have been "undervalued" because of their low resource control capability, unclear resource strategy, and lack of international competitiveness in technology and services.

It is reported that although China has started protective mining of tungsten, tin, antimony and rare earth in 1991, there has been repeated prohibition against the above specific minerals. This makes the actual amount of exploitation different from the government's annual mining directive plan.

In nonferrous metals, tungsten, antimony and rare-earth are dominant in China. The main competitive advantages are tin, zinc and lead (including other rare metals, as well as indium and germanium, which are associated with lead and zinc).

It can be seen that China's industrial management of rare metals is divided into different levels, of which 4 rare metal species, tungsten, tin, antimony and rare earth, have the advantages of mining and production, implementing export quota and export qualification management measures.

It is rumoured that the Ministry of industry and information technology is currently formulating regulations on the production and operation of rare metals, and plans to bring the mining, smelting, processing, marketing and import and export management of rare metals into a legal track.

A few days ago, the China rare earth Association told the media that China will set up a rare earth reserve system next year, increasing the reserves of rare earth strategic resources.

The Ministry of land and resources has also publicly stated that the pilot work of China's rare earth strategic reserve system is steadily advancing and is expected to start in full swing.