China: China to encourage exports of minor metals products.Byline: pinto03 Bloomberg reported that China, the world s largest metals consumer, wants to encourage exports of minor metals products rather than the raw materials to increase the value of shipments. Mr Liang Shuhe deputy head of foreign trade at the Ministry of Commerce said The majority of China minor metals exports remain in the raw material form. We encourage exports of high value adding, high-end products instead of the raw materials. China has called on steel and metal producers to increase the value of shipments and close obsolete plants in a bid to be competitive globally. Inner Mongolia which holds the country s largest rare earths deposits, yesterday said it wanted to lure manufacturers to set up in the province to process raw materials. Mr Heng Kun Shanghai based chief analyst with Essence Securities Co said China has been encouraging its companies to increase higher value added exports and cut exports of raw material resources. To achieve this goal will take a long time. Chinese companies need to grab the downstream market from foreign rivals which have better technologies and experience. According to the Minor Metals Trade Association The Minor Metals Trade Association (MMTA) is a world-wide industry association whose members are involved in over 35 metals that are not traded on exchanges. The MMTA serves to benefit and promote the interests of the international minor metals industry and the MMTA membership, minor metals include antimony antimony (ăn`tĭmō'nē) [Lat. antimoneum], semimetallic chemical element; symbol Sb [Lat. stibium,=a mark]; at. no. 51; at. wt. 121.75; m.p. 630.74°C;; b.p. 1,750°C;; sp. gr. (metallic form) 6. , magnesium, zirconium zirconium (zərkō`nēəm), metallic chemical element; symbol Zr; at. no. 40; at. wt. 91.22; m.p. about 1,852°C;; b.p. 4,377°C;; sp. gr. 6.5 at 20°C;; valence +2, +3, or +4. , mercury and bismuth. China Jinduicheng Molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. Co is Asia s largest producer of molybdenum, used to harden steel. Jinduicheng Molybdenum, based in Shaanxi province rose 4.3% to CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 17.37 at 10:26 AM in Shanghai trading. China Molybdenum Co., the country s second largest producer rose 0.5% to HKD HKD In currencies, this is the abbreviation for the Hong Kong Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5.88 in Hong Kong trading. Mr Heng said Jinduicheng has been investing in developing processing technologies and making value-added products. But the moly moly herb given by Hermes to Odysseus to ward off Circe’s spells. [Gk. Myth.: Odyssey] See : Protection products are unlikely to be the main growth thrust for its profits in the near term. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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