China May Cancel Moly, Tungsten Export Quotas in 2015

Reuters reported that China said it does not plan to change its export quotas for a variety of industrial metals in 2015. However, the Asian nation made no mention of molybdenum or tungsten, “leading to speculation exports of the two minor metals won’t be subjected to quotas next year.”

As quoted in the market news:

Quotas for exports of tin, antimony, indium and silver are unchanged from this year, according to a statement posted on the Ministry of Commerce website on Thursday.

But the statement did not provide quotas for tungsten and molybdenum, which were announced at the same time as the four metals in previous years. China is the world’s top producer of tungsten and molybdenum, as well as refined tin, antimony and indium.

China may cancel the quotas for the two metals as a follow up action after it lost an appeal at the World Trade Organization in August, two analysts said.

Click here to read the full Reuters report.