E-mail: admin@gz-chemical.com
Email us,best price and silane solutions for you!
Tel:+86 (20) 29035969
China will lift the ban of foreign investment in the mainland's molybdenum, tin, antimony and
fluorite mining, effective July 30, to provide impetus to its sector development, National
Development and Reform Commission said on its website Thursday.
However, investment in the exploration, mining and ore selection of radioactive tungsten and
rare earth will still be banned, in line with the government's strategic reserve goal, the NDRC
said.
The relaxation of policy is aimed at continual opening of the market, promoting stable inflow of
funds, hiking multinational corps' long term trust in line with China's plans of supply side
reforms, and adding momentum to the industry's growth, the commission said.
The NDRC said with the lifting of the ban of foreign investment in metals mining, both domes
tic and foreign investors would be treated equal, which will help expand the market and aid the
sector's upgrade and production of more value-added products, in line with China's plans of
relocating production to coal and power resources-rich areas in Central and West China.
China consumed 86,000 mt moly in 2018, up 1.3% year on year, on the mainland's steel sector
growth, spurring demand for moly conc, data released by China Nonferrous Metals Industry
Association showed.
Industry analysts expect China's moly demand to rise in the coming years on increased
demand by the domestic high speed tool steel and alloyed structural steel sectors, ahead of
China's 2025 manufacturing policy. But noted in recent years, China's moly resources were
getting more concentrated, with the top five moly miners accounting for 70% of China's moly
output.
Guangzhou Double Peach Fine Chemical Co.,Ltd
Address: No 3401 Huangpu East Road, Huangpu District, Guangzhou, China
Tel:+86 (20) 29035969 Fax:+86(20)29035979
Tel/Wechat/Whatsapp:0086 13826126978 admin@gz-chemical.com