In early July 2011, China’s Ministry of Commerce (MOFCOM) announced the export quota volumes of certain industrial minerals for the second half of 2011 and companies started to bid for their quotas and licences.
Despite the continuing furore surrounding the dispute between China and the WTO over the country’s mineral export policies (see p.8-10), it was business as usual for those active in exporting Chinese bauxite, brucite, magnesia, silicon carbide, and talc to world markets.
See the accompanying table for MOFCOM’s export quota volumes for H2 2011, which are to be tendered to a list of allocated companies. The tendering process took place during 11-12 July, and the bidding process commenced 13 July.H1 MgO export licences left over
Regarding magnesia, the total quota has decreased to 492,000 tonnes from the original 620,000 tonnes....