Metals News
Export Restriction Policies for Molybdenum Expected to Be Announced Soon
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01:16PM
Dec 7,2009
Source:SMM

According to reliable sources, the Chinese Central Government will likely increase export taxes and impose export quotas on May 20th for molybdenum. The export tax increase is speculated to be in the range of 10% to 15%, perhaps as high as 20%.

Driven by supply shortages and uncertainty over export policies, molybdenum export prices were hovering in the range of USD 73/kg to USD 75/kg. Molybdenum concentrate market prices rose to within the range of RMB 4,350/mt to RMB 4,450/mt.

CBI believes that the Central Government will likely increase the export tax rate for several metal products in order to protect domestic natural resources and restrict the export of high energy-consuming and polluting metal products.

Manganese Cobalt Silicon Tin Bismuth
minor metal price
Mn Co Si Sn Bi
tariff policy tariff adjustment;tax policy tax adj
tax policy tax adjustment
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