China\'s commerce authorities ask for moly exporters\' lists Mar 16
Hong Kong (Platts)--12Mar2007
China\'s Ministry of Commerce has said that it requires local commerce
authorities to draw up by March 16, 2007, a list of exporters including
producers and traders who are eligible to export molybdenum products.
According to a statement announced late Friday, the MOC said commerce
departments with local authorities are required to submit a written document
before March 16 to China\'s Ministry of Commerce, China Chamber of Commerce of
Metals, Minerals & Chemicals Importers & Exporters, and China Nonferrous
Metals Industry on producers and traders who are eligible for exports of moly
related products according to the requirments set by the Chinese authority.
Producers meeting the standards are required to produce an average of at
least 3,000 mt/year of intergrated ferromoly and molybdenum oxide products in
the past three years with their export amounts not less than 300 mt/year.
Exports of molybdenum powder and its metal products have to be more than 300
mt/year with their exports reaching at least 20 mt/year.
Traders who comply with the export system are required to have a minimum
total export amount on molybdenum oxide and ferromolybdenum of 600 mt/year,
while exports of molybdenum powder and its metal products have to be more than
200 mt/year in the past three years. Traders are required to have registered
capital of Yuan 30 million ($3.9 million) or above.
China Chamber of Commerce of Metals, Minerals & Chemicals Importers &
Exporters, and China Nonferrous Metals Industry are required to review the
exporters lists, and then hand in the documents to the Minstry of Commerce
before March 20.
This is believed to be a move by the Chinese government to further
restrict exports of moly related products.
China\'s Ministry of Commerce will review the lists and will then announce
the lists of exporters who are allowed to continue exports in 2007.
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