China's moly quotas system unlikely to affect prices: JDC

摘要

Hong Kong—The long-anticipated export quota policy applying to the Chinese molybdenum products is "unlikely to have much impact on prices," according to a senior official from China's largest molybdenum producer Jinduicheng Molybdenum Group.rnSpeaking at Metal Bulletin's 8th Asian Ferroalloys Conference in Hong Kong last week, JDC's Vice President Lu Jingyou said: "There have been 54 molybdenum producers in China who are currently on the list of China's Ministry of Commerce to be selected as potential exporters of molybdenum products. But l expect less than 50% of the total will be finally granted the export quotas by the Chinese authority."