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China möchte die Molyexporte beschränken!

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By David Harman
12 Mar 2007 at 10:17 AM GMT-04:00

SHANGHAI (Interfax-China) -- China plans to introduce a quota system for molybdenum product export in order to conserve strategic mineral reserves, an analyst surnamed Yang with the China Metals Information Network Antaike, told Interfax today.
Yang estimated that the quota system will come into effect by either the end of this month or the beginning of April, as the government has not yet finalized quota limits for producers and traders.
In November 2006, RI reported that China had imposed an export duty on molybdenum oxide and ferromolybdenum of 10%.
China\'s molybdenum product export is set to decrease by 10% and export permission will only be granted to exporters with an export volume of over 3,000 tonnes in the last three years and traders in at least 1,000 tonnes in the past three years, according to China Nonferrous Metals News. Molybdenum exporters must also have a registered capital of at least RMB 100 million ($12.91 million).
Molybdenum is mainly used as an alloy to strengthen iron and steel, increasing the melting point and enhancing resistance to corrosion. The USGS puts the world moly resources at 19 million tonnes, with China accounting for 8.3 million tonnes.
International molybdenum prices have reached $80 per kilogram, up $20 from before the Spring Festival, while the domestic price has remained relatively low, Yang said.
Ferromolybdenum FOB price is currently $69-$72 per kilogram. In the past 15 years, the price of molybdenum has been as low at $1.82/lb and as high as $40/lb. Today’s price in pounds is about $28/lb.
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