China's molybdenum will export to Europe again by South Korea
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- Category: Molybdenum's News
- Published on 07 March 2013
- Hits: 546
March 1, 2011, according to Platts, the energy report, rare earth supplier, four years later, in February of 2011, China's molybdenum producers resumed exports once again, spot exports to Europe, but mainly by South Korea re-exports.
In 2007 China molybdenum export market has been very quiet, because in November 2006 the Government transferred molybdenum export taxes on 20%. The tax rate is mainly collected for the ferroalloy products, Samarium powder exporter, to suppress energy-intensive products exports, protection of national natural resources.
A South Korean ferroalloy industry sources, the Chinese suppliers to re-enter the international molybdenum market, but exports by South Korea in order to avoid the export tax of 20%. South Korea does not export duty issued orders, In addition, Korean exports to the EU since the alloy in July 2011 after the tax-free treatment, then, free trade system will take effect.
EU imports from other countries, 2.7% molybdenum import duty levied.
Chinese manufacturers last year and South Korea, a partnership of molybdenum iron works, seek opportunities for cooperation process. China's main exports to South Korea molybdenum oxide, and then processed through the payment of certain expenses by the Korea Iron molybdenum into molybdenum processing, export to Europe.
At the same time, it was reported, a Chinese molybdenum manufacturers in the Rotterdam market to $ 44 / kg to 40 tons of non-sold in the domestic spot molybdenum to the European traders, Samarium metal powder, based on cash sale. Last year, the factory reached a processing agreement with South Korea manufacturers.
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