Chinese goverment to impose export quota on molybdenum products

BEIJING(Asian Metal) 7 Feb 07 - Chinese government is set to  impose export quota on molybdenum products in either early March or April, reported a close source who attended a molybdenum conference Tuesday in Beijing.

Although the Chinese government has not announced the details of the policy, according to an anonymous source , the government will set some criteria to molybdeum producers and traders.

For trading companies, each must possess RMB0.1 billion(USD12.Asian Metal Copyright8205mauthorized capital .Asian Metal Copyright8205m)authorized capital .Asian Metal Copyright For trading companies, each must possess RMB0.Asian Metal Copyright For smelters and converters, they must meet three stringent criteria.Asian Metal CopyrightOriginally, rumours were rife the governemnt would start implementing the policy from 1st March, but because of Chinese New Year festivity, Chinese government might begin implementing the policy from 1st April.Asian Metal Copyright Firstly, their average output from 2003 to 2006 must reach 3,000tpy.Asian Metal CopyrightAlthough the Chinese government has not announced the details of the policy, according to an anonymous source , the government will set some criteria to molybdeum producers and traders.Asian Metal Copyright Secondly, their recovery rate must reach 97.Asian Metal Copyright5% for molybdenum oxide, 98% for ferromolybdenum and 99% for molybdenum metal powder.Asian Metal Copyright5% for molybdenum oxide, 98% for ferromolybdenum and 99% for molybdenum metal powder.Asian Metal Copyright Thirdly, all smelters and converters must have the certificate granted by provincial environmental bureau.Asian Metal Copyright Thirdly, all smelters and converters must have the certificate granted by provincial environmental bureau.Asian Metal Copyright Thirdly, all smelters and converters must have the certificate granted by provincial environmental bureau.Asian Metal Copyright

Originally, rumours were rife the governemnt would start implementing the policy from 1st March, but because of Chinese New Year festivity, Chinese government might begin implementing the policy from 1st April.