Nov. 2, 2012 (China Knowledge) - China has reduced its tin export quota for 2013 by 5.6% to 17,000 metric tons, according to a statement released by the Ministry of Commerce
In recently year, China saw its export of tin far below the quota level due to increasing domestic demands and appreciation of the RMB.
In the first nine month of this year, China's tin export amount to 1,200 metric tons.
At present, China is the world's largest producer of tin, tungsten, antimony and molybdenum. Last year, the country cut the export quota of tungsten, antimony, molybdenum, indium and silver to 15,400 metric tons, 59,400 metric tons, 25,000 metric tons, 231 metric tons and 5,387 metric tons, respectively.