China to reduce nonferrous metal export quotas

Steel Guru.com reports that the Chinese Ministry of Commerce is looking at the possibility of reducing nonferrous metal export quotas, including tungsten, by 2% to 3% each year indefinitely.

The story is quoted as saying:

According to a China Securities Journal report, the majority of MOFCOM’s 2011 export quotas have remained unchanged from their 2010 levels. Those for tungsten, antimony, silver and talcum have increased however while those for tin and light and heavy burned magnesium have been lowered.

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