Moly Mining Investment Banned by China’s Shanghai FTZ

Platts reported that molybdenum, tin, tungsten and antimony mining investments have been banned by China’s Shanghai free trade zone (FTZ), which is aimed at “strengthening market-oriented reforms and lifting economic vitality.”

As quoted in the market news:

Investments banned from the FTZ include gold, silver, platinum, moly, tungsten, tin, antimony, rare earth, radioactive mining and ore selection. In the nonferrous metals smelting and processing sector, the zone is limited to investments in refined aluminum, copper, lead and zinc smelting.

‘The above is based on the Catalog of Encouraged Industries for Foreign Investment (revised 2011), listing the foreign investment projects that don’t comply with the [FTZ’s] rules,’ the statement said. ‘Foreign investors’ acquisitions, and their investment in listed companies … should meet the relevant stipulations.’

Click here to read the full Platts report.