China May Cancel Export Quota of Molybdenum and tungsten

  • Friday, October 31, 2014
  • Source:ferro-alloys.com

  • Keywords:export quota,tungsten,molybdenum,metal
[Fellow]Ministry of Commerce of China released export quotas on a clutch of primary products and industrial metals in 2015. Most of the industrial products such as tin, antimony, indium and silver were still keeping the export quota policy except for tungsten and moly...

[Ferro-Alloys.com] Ministry of Commerce of China released export quotas on a clutch of primary products and industrial metals in 2015. Most of the industrial products such as tin, antimony, indium and silver were still keeping the export quota policy except for tungsten and molybdenum, which were announced at the same time as the four metals in previous years. It leads to speculation exports of the two minor metals won't be subjected to quotas next year.

China may cancel the quotas for the two metals as a follow up action after it lost an appeal at the World Trade Organization in August, two analysts said.

The case was brought by the United States, the European Union and Japan to challenge China's restrictions on exports of rare earths, tungsten and molybdenum. China had argued that limits on the exports were needed to prevent over-mining and defended its policy as an essential part of its sustainable development.

China may cancel the export quota policy under the pressure of WTO case, however, it should be confirmed further.

  • [Editor:Yueleilei]

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