China’s Yunnan allocates 1H tungsten mining quotas
China's Yunnan government has allocated this year's first batch of tungsten mining quotas to nine counties, totalling 3,300t.
Companies can apply for additional quotas if their awards are insufficient. The government will allocate the second batch of tungsten quotas in line with national policies and market conditions.
Yunnan's first batch of tungsten quotas include 2,925t for primary mining and 375t for recycling.
China has allocated tungsten mining quotas totalling 52,500t for the first half of 2020, including 39,075t for primary mining and 13,425t for recycling, up by around 5.4pc from 49,835t in the first half of 2019.
Yunnan produced 6,295t of tungsten concentrate in 2019, up by around 4.9pc from a year earlier, according to statistics released by the China nonferrous metals industry. Domestic output is not expected to rise this year, as ore reserves at many old mines in Jiangxi, Hunan and Henan provinces have depleted and tighter profit margins are likely to prompt producers to cut output during the first half of 2020.
source: Argus Media
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