The Chinese government is expected to allow 120 mt of indium products to be exported annually, industry sources said Thursday.
Among 18 indium producers and traders in China that received export licenses from China's Ministry of Commerce on June 1, some received notices Monday stating the amount of indium they would be allowed to export annually. About three companies have not received official notices yet, sources said. A June 11 notice from the Ministry of Commerce said licensed exporters had to adhere to the assigned quota from June 18.
Four companies are likely to have been assigned a quota of above 10 mt/year, while the others are likely to have a quota of less than 10 mt/year, totaling 120 mt/year, said several sources in China and Japan.
The 18 companies who have been issued the indium export licenses are Liuzhou China Tin Group, Guangxi Intai Technology, Liuzhou Yinli, Liuzhou Indium Germanium Metals, Laibin Debang Industry, Hunan Zhuye Torch Metals, Hsikwangshan Twinkling Star, Zhuzhou Jinshi Industry, Hunan Zhengtan, Nanjing Germanium, Nanjing Sanyou, Jiangsu Sainty, Nanjing Foreign Economic & Trade Development, Wenzhou Smelter, Shenzhen Zhongjin Jingnan Nonfemet, Huludao Nonferrous Metals Group, Yunnan Chengfeng Non-Ferrous Metals, and China Minmetals.
The export quota system is believed to be a move by the Chinese government to further curb exports of rare metals to protect the country's available reserves. A similar system has been implemented for molybdenum products too. – Platts
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