China suspends tungsten, antimony and rare earth mining applications until 2011

China decided to continue its control over the mining of tungsten ore, antimony ore and rare earth, the Ministry of Land and Resources announced on March 15.

According to the announcement, applications for tungsten ore, antimony ore and rare earth exploring and mining will be suspended until June 30 next year.

Maintaining control over the mining is to prevent over-exploitation and protect the resources, Shanghai Securities News reported Tuesday, citing an official with the Ministry of Land and Resources.

"Tungsten ore, antimony ore and rare earth are preponderant mineral resources of China," said the official.

"The government wants to help producers increase bargaining power in price talks," said Yao Chunlei, analyst at Guoyuan Securities Co. "China's rare earth miners don't have much say in price negotiations. The resources were sold too cheaply."

China plans to cap output of tungsten metal at 80,000 tons, antimony at 100,000 tons and that of rare earth at 89,200 tons, for 2010, the statement said. It has targets for provinces and companies.

"The policy is aimed at protecting and effectively utilize China's advantageous mineral resources," the ministry said.

This has been one of the reason of tungsten rising price.

免责声明：上文仅代表作者或发布者观点，与本站无关。本站并无义务对其原创性及内容加以证实。对本文全部或者部分内容(文字或图片)的真实性、完整性本站不作任何保证或承诺，请读者参考时自行核实相关内容。本站制作、转载、同意会员发布上述内容仅出于传递更多信息之目的，但不表明本站认可、同意或赞同其观点。上述内容仅供参考，不构成投资决策之建议；投资者据此操作，风险自担。如对上述内容有任何异议，请联系相关作者或与本站站长联系，本站将尽可能协助处理有关事宜。谢谢访问与合作！  中钨在线采集制作.