Export quotas coming for rare metals
13 June 2007
China will apply export quotas and a license management regime for indium and molybdenum, two non-renewable rare metals, beginning from June 18, said the Ministry of Commerce and the General Administration of Customs in a joint notice on Monday, according to Xinhua (in Chinese). To export indium, molybdenum and products manufactured with both materials, companies will need to apply for licenses and export quotas through local commerce departments and present the license to customs, according to the bulletin. Both indium and molybdenum are widely used in defense, aviation and aerospace and the information and manufacturing sectors. The country will also introduce export licenses for standard sand from June 15, according to the two departments.