China reduces rare metals export quota for 2009

Chinese government released export license of rare metals for 2009.

The country reduced the quota by 2% from 2008 for tungsten and antimony, for which China represents 90% of world production, while the country reduced the quota by 30% for tin and by 3% for molybdenum and indium.

Japanese rare metal suppliers see the limited reduction could have little impact on the international market.