1 Nov 2010 07:25

MOFCOM releases 2011 export quotas for certain rare metals

Shanghai. November 1. INTERFAX-CHINA - China's Ministry of Commerce (MOFCOM) released the 2011 export quotas for a number of rare earth metals and their metals products in an Oct. 28 announcement on the ministry's Web site.

According to the announcement, next year's export quotas for industrial metal products bauxite, light and dead burned magnesium, as well as refined tin and tin products, have been reduced. Those for silver, tungsten and tungsten products, and antimony and antimony products, meanwhile, are subject to year-on-year increases. Export quotas for molybdenum and molybdenum products remain unchanged from last year's level.

The following table shows China's 2011 export quotas for various nonferrous metals.

China's export quotas of industrial metal products for 2011

Product Export quota ('000 tons) Y-o-y change (%)
Tungsten and tungsten products 15.7 9.79
Refined tin and tin products 18.9 -10
Antimony and antimony products 60.3 4.87
Molybdenum and Molybdenum products 25.5 0
Indium and indium products 0.233 0
Bauxite 830 -10.75
Silver 5.67 11.18
Light and dead burned magnesium 1,230 -7.52

Source: MOFCOM

Note: Year-on-year change was calculated using MOFCOM's 2010 statistics.