Review of tungsten regulation in China
China suspends tungsten, antimony and rare earth mining applications until 2011
China decided to continue its control over the mining of tungsten ore, antimony ore and rare earth, the Ministry of Land and Resources announced on March 15.
According to the announcement, applications for tungsten ore, antimony ore and rare earth exploring and mining will be suspended until June 30 next year.
Maintaining control over the mining is to prevent over-exploitation and protect the resources, Shanghai Securities News reported Tuesday, citing an official with the Ministry of Land and Resources.
"Tungsten ore, antimony ore and rare earth are preponderant mineral resources of China," said the official.
"The government wants to help producers increase bargaining power in price talks," said Yao Chunlei, analyst at Guoyuan Securities Co. "China's rare earth miners don't have much say in price negotiations. The resources were sold too cheaply."
China plans to cap output of tungsten metal at 80,000 tons, antimony at 100,000 tons and that of rare earth at 89,200 tons, for 2010, the statement said. It has targets for provinces and companies.
"The policy is aimed at protecting and effectively utilize China's advantageous mineral resources," the ministry said.
This has been one of the reason of tungsten rising price.
免責聲明：上文僅代表作者或發布者觀點，與本站無關。本站并無義務對其原創性及內容加以證實。對本文全部或者部分內容(文字或圖片)的真實性、完整性本站不作任何保證或承諾，請讀者參考時自行核實相關內容。本站制作、轉載、同意會員發布上述內容僅出于傳遞更多信息之目的，但不表明本站認可、同意或贊同其觀點。上述內容僅供參考，不構成投資決策之建議；投資者據此操作，風險自擔。如對上述內容有任何異議，請聯系相關作者或與本站站長聯系，本站將盡可能協助處理有關事宜。謝謝訪問與合作！ 中鎢在線采集制作.
|
