It's urgent to build molybdenum concentrate Reserve Systerm
Codelco as a Copper Corporation of Chile plans to increase 25000 tons based on the original molybdenum production plan of 58000 tons before 2023 and this will increase 43%. In this case, Codelco's plan of increasing the molybdenum production is undoubtedly one disaster after another for the molybdenum industry with overcapacity, for china, it should accelerate the establishment of molybdenum concentrate Reserve System.
China is the richest country of the global molybdenum reserves, its reserves are about 4300000 tons, accounting for about 44% of the global molybdenum reserves. At the same time, our country is also the largest country of the world's molybdenum production. For a long time, our country has been a net exporter of molybdenum products, from 2005, China cancelled the preferential policies on
processing trade, so that since 2006 , China's imports of molybdenum concentrates and the exports of roasting molybdenum concentrate and molybdenum iron have a more substantial reduction. In 2007, the implementation of the export quotas policy of China and the restriction to the exports of primary products of molybdenum furnace charge lead to the further reduction of the exports amount. 2008-2014, China molybdenum export quotas present the overall downward trend. 2009-201, China's molybdenum export quotas ware 25,500 tons. 2012-2014, China‘s molybdenum export quota ware 25,000 tons.
But with the USA, Japan, the EU for China's trade litigation lost of China's rare earth, tungsten, molybdenum, China will have to cancel export tariffs, export quotas and other measures which have been carried out for several years on rare earth, tungsten, molybdenum. Thus, a large of surplus molybdenum in our country will be exported to foreign countries, but the increases of the molybdenum production in Chilean aggravate the oversupply situation of the global molybdenum. In the future, the loss of molybdenum resources in China will be increased.
But Mo is very important metal, known as the strategic metal, widely used in metallurgical machinery, electrical defense, aerospace and other fields. Therefore, China must speed up the strategic reserves of molybdenum resources, and make a production control from many aspects of mining, industry integration, environmental protection, export management. To speed up the establishment of molybdenum concentrate reserve system.
China is the richest country of the global molybdenum reserves, its reserves are about 4300000 tons, accounting for about 44% of the global molybdenum reserves. At the same time, our country is also the largest country of the world's molybdenum production. For a long time, our country has been a net exporter of molybdenum products, from 2005, China cancelled the preferential policies on
processing trade, so that since 2006 , China's imports of molybdenum concentrates and the exports of roasting molybdenum concentrate and molybdenum iron have a more substantial reduction. In 2007, the implementation of the export quotas policy of China and the restriction to the exports of primary products of molybdenum furnace charge lead to the further reduction of the exports amount. 2008-2014, China molybdenum export quotas present the overall downward trend. 2009-201, China's molybdenum export quotas ware 25,500 tons. 2012-2014, China‘s molybdenum export quota ware 25,000 tons.
But with the USA, Japan, the EU for China's trade litigation lost of China's rare earth, tungsten, molybdenum, China will have to cancel export tariffs, export quotas and other measures which have been carried out for several years on rare earth, tungsten, molybdenum. Thus, a large of surplus molybdenum in our country will be exported to foreign countries, but the increases of the molybdenum production in Chilean aggravate the oversupply situation of the global molybdenum. In the future, the loss of molybdenum resources in China will be increased.
But Mo is very important metal, known as the strategic metal, widely used in metallurgical machinery, electrical defense, aerospace and other fields. Therefore, China must speed up the strategic reserves of molybdenum resources, and make a production control from many aspects of mining, industry integration, environmental protection, export management. To speed up the establishment of molybdenum concentrate reserve system.
