China will apply export quotas and license management to two resource items – indium and molybdenum – beginning from June 18, said the Ministry of Commerce and the General Administration of Customs in a joint notice on Monday.
To export indium, molybdenum and products manufactured with both items, companies need to go to local commerce departments to get the license and export quota, and they need to present the license at the customs, according to the bulletin.
Both indium and molybdenum are unrenewable rare metals which are widely used in the defense industry, aviation and space sectors, information industry and the manufacturing sector.
The country will also introduce export licenses for standard sand from June 15, according to the two departments. – Asia Pulse
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