China: Anticipated resources tax undermines industry stocks

Mainland resources stocks, with the exception of gold-mining firms, slumped by 10 to 20 per cent this week as a result of investor jitters over the expected launch of a tax on resources and other measures by the government.

Hunan Nonferrous Metals Corp, the country's largest zinc and antimony producer by output, suffered one of the biggest losses, its shares slumping 19.31 per cent this week to HK$6.39 yesterday from last Friday's close of HK$7.92.

PetroChina plunged 18.37 per cent this week, closing at HK$16, while its Shanghai-traded A shares, which debuted on Monday, fell 13.1 per cent over the past three days to 38.19 yuan yesterday as investors locked in profit from first-day gains.

Jiangxi Copper, the country's largest integrated copper producer, fell 7.88 per cent yesterday to HK$21.05, extending this week's loss to 16.1 per cent.

Gold-related stocks were the only exception because the precious metal is viewed by many investors as a safe haven against the weakening US dollar.

Zhaojin Mining Industry rose 8.3 per cent this week to HK$40 yesterday, while Zijin Mining Group gained 1.4 per cent to HK$13.12.

The correction in the broader market was prompted by investors taking profit from the surge in resources stocks over recent months, said Tung Tai Securities associate director Kenny Tang Sing-hing.

The anticipated introduction of a resources tax would only have a short-term impact on Hong Kong-listed mainland resources companies, Mr Tang said.

"In the short term, it [the new tax] will increase their costs. But over the long term, as most of them are major players in the field, I think they'll benefit from industry consolidation as smaller players are eliminated amid rising costs," he said.

Beijing is reportedly considering adjusting a resources tax to prevent disorderly, wasteful and environmentally damaging exploitation, particularly by small miners.

Media reports said that authorities were preparing to double taxes on mineral resources, which would be accompanied by a long-awaited change from a volume-based to a price-based tax system.

The government has taken a series of measures, including the cancellation of processing trade and export-tax rebates, and a rise in export duties in an effort to preserve mineral resources and reduce pollution.

On Wednesday, Beijing said it would ban foreign companies from investing in mining or exploring for rare or strategic non-renewable mineral resources.

"A continued cost push is evident in China as higher raw material prices, staff wages and government-related fees erode margins. This is set to persist, given the structurally low base of labour and power costs, and reliance on third-party materials," said Andrew Driscoll and Xiao Li, analysts at CLSA.

Overall, analysts said resources stocks could continue to enjoy an up-cycle in the medium- to long-term.

CLSA favours upstream miners, such as China Coal Energy, Zhaojin and Aluminum Corp of China, over less self-sufficient companies, such as Lingbao Gold and Jiangxi Copper. – South China Morning Post

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European antimony market with no improvement

As antimony consumers are buying minimum amount to keep inventories low, the market in Europe is getting quiet, and participants told Asian Metal that there is almost no activity but the Chinese suppliers are not lowering the HUA8SJA07F5FE7099XR595563D6NH8NN8J984509G3J7Y16NWFA3T29IDBCI8674T4F5T6JLTDDX9O08I1W8G96TY66Z8UXH3HE00DB846CB4351O944V18FCFQ643E1UCB640L4P2OKQ717781G7YZ9VYD785U4JDBRIUTL41S1VYI7HCCO16CH30533VAGJRM3W520 prices.
A German trader received offers from three Chinese suppliers this week and according to him, the offers gave him the contradictory direction of the antimony market.
32E9S6XS5Z8QP9V9PQ5T5A2E26518XL747X82ARLLANFMZ70R66T66498E9IE2YN03C9597331106QK5JVLB6AXD6Y4882KR31AO7UG756D3K1EM8409T3BWWFK0E304PQ8UH6O9H7P498224T7Q1WBM6F9DL711B89AGX8B7RWOMZW929VK28E1J2M3WQW0Y1OKZSJK The first supplier offered him for 60t of grade two antimony ingot with low bismuth content at USD5,550/t CIF Rotterdam prompt shipment from China, and the standard grade two antimony ingot is at USD5,530/t CIF Rotterdam. The trader thinks the supplier is offering in the mainstream market price range, which indicate that market is stable
3R397W73J7E00FQ02JI9C406D1OT5A39C19V15H96666087RN03DPD8QR2U247DN31ZL3H1IA1G1K6TEJ50GB0254FGT87XBJ1W05M4TS5DR3A8TD9646N1NQE1LY497KETY1H6LYD6NG0360R4BRU195M8NBXK97O9IEAXR0E9910422W5230G0JI4I34R9N56L0WL7 J150S16ZE544L4409B1DQW7EAQN3C12F7598908LVFVEP772I5B5O5324J62R225Q0W90P42QC22170UKG64L14WE40672KL3065ID6R8ME9KV5A4529OT3EJ1YUS4UCFR5B9XTYQPR6N1416504E6FM37RYRA77JGV6CC933RDIW0AM2TH15FHZJ4JI92470AR51A50 The second supplier offered the grade two antimony ingot with low bismuth content at USD5,700/t CIF Rotterdam and the material in warehouse Rotterdam for prompt release is offered at USD20/t more expensive. "The price is too expensive to accept, but the supplier is one of the biggest suppliers in China, so we think it could also lead the price to go up," remarked by the trader.
The third offer is one container that left China in the end of October and already one-third way to Rotterdam. The material has a mixture of impurity and 99.8%min antimony content with unknown tin content. The source thinks the offer at USD5,510/t CIF Rotterdam is reasonable, and he is looking for consumers who might be interested.
K66073PP0JUWW6HCRU93EH568DMAS2FMIXX78NN90896DO8UE9T9408YFMM297M5YYT3WX8F20338VKLL92P8ET29S8O77WVK95CCVXPYKEHJ6FH60V449MVD171456KA2LFSNW430TR835Q2N68R529F0MIH10PA9T9A2A96EG7O05S26006K3W3O33LB3P6MT521PI The trader holds that the market right now is on the edge that it could start to drop soon as the market is weak and the major consumers are covered for the rest of the year. He is waiting to restock when the price drops to USD5,400-5,450/t CIF Rotterdam. He said: "I need to restock and position myself for January."
A Belgium trader also received offers from Chinese suppliers in the range of USD5,550/t CIF Rotterdam and USD5,600-5,700/t in warehouse Rotterdam. "Demand is not in the market now," the source had not concluded any antimony deal in the last ten days.

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Tin market remains firm

Tin market still keeps firm and some market participants still hold optimistic attitudes towards the prospect of the market in the coming months though the trading is not very active.

A major trader in Taiwan said that the tin supply is tightening in the Taiwan spot market, as demand keeps strong while the tin ingot supply from Indonesia is limited

1QS765X4785ZTD960OHM0HR7FVZM37VV8W86623Z525ROCI6467SLO266BNB2H7UPUDH0E63B31FG3F60LJXJ1VNT1VR2218QQ70BN0T447XCBUU13M293RPX3D55VK12Q91XOW598K9J52IX5ID5HZD39783IS97C9UWOH9WQMRI1YNQH164KBL20890935H20G17P1 V2I1SB3QE7GF8XM9HL784G2U973S8GY5B5YZ7HXXW7L98978V5113D55S66J59GJ4QT7EW4D3O4QX4677R948483KM9E5G2J3T073015744P2NI8193EHNPMF523WG1UY2BF50LN5U70DN0PLPO47O9F41BEWHGV4F0391L1TS5HV60C7ZVNR7E8244XUP881ZG47NLU VSM172229O5QG1H09D5ZZS02U2J343W769Y9O744035K3V8KRAW5HP9E4TNJW5447M629EU0YNMT6M93T3562ND617604T773R8HCS35X449GI91L49SFT7DZ5BTQHACTT9J365AE2UD4Q10BNEW2LA724X5M4PQ19ZR824UBF6646QI78P3U927HPLX34QR74H5XR50 8161SOE98IW06J10RWK1N1TURUIYB47AHH9XKHCXGYT8Y689MLOXF048HV3I1054BJ5S74DA555W3NH9TB1VR54B8AMZ4G21KPS8WKP4034F21R4794F198T758CJI9K5GTNDGQ5W6V17U25Q4UG730FDSS0C58LUPXZ73OKI7VB17257732X12QH738V2LNJ83OZWPK The source said that they concluded deals at about USD17,000/t delivered to buyers. "Although the current tin price has reached record high levels, buyers have accepted it now, as they worry that the price may rise further in the future," said the source. "In addition, some consumers in mainland China also began to import the metal, as tin prices in Chinese spot market were much higher than that in the overseas market."

868278BOQ1141PX1JP2J0OM25HH56OSGYR9XHUS445XJ4O8NIW2I15YL09FIJOULJF4E47N91NPZC666U7T00QS4QH28477545O3QB7KDG4NF9IS050SA1AK55641JUS3U6Q9WT0NC8GBYI0G3LRG2E7ZZ54RSFF4I8I6L6AQ1Z4WTU87QB1B33N28J9IAHIYI4QC06S 9BA270Y1M94WN8T10IB559GU47GF2RQ45BX8D23XQD080490D397CZL1VB0H6BYM6C26HCXXV46C8692VMJ14697350T4229L4KWKT9I2FN8FV0ZH06F9I1B2NJ89KQ01IL77M8N2NX33CK5WIB0T12F8F3V2W5A107Q6NRRY6185U307479EN442Y3X8W015TM6E1T0 The source said that PT Timah, the largest tin producer in Indonesia, raised production forecast from 55,000t to 60,000t in 2008 for the bullish tin market. However, the tin production in Indonesia declines, as many illegal mines were shut down late 2006. Meanwhile, with the fast growth of electronic industry, the demand for tin ingot will keep strong in China and India. Therefore, the source still holds optimistic attitudes towards the outlook of the market, believing that tin price may continue to rise in the overseas market. He added that as Chinese tin price has been already at high levels, Chinese tin market may take a chief break for a while.

Y5EISH8U2SUH9B52TB8T14Z232GVW757E4XVZ794V7EIPH9QZ7P104XT6D9HXP159911BK2VLMRF5THXV1ZJVSHE1UU6477343F3EKF23DND16SH552SV53S0M12RM539W39P09A89ZKQGM9L2R4FCI664GF90WVU7R95Q72FE2F2VX37JN8HSM320HXJ6900257H38I A trader in Shanghai reported that the prevailing prices of tin ingot firm at about RMB148,000-149,000/t (USD19,919-20,054/t) this Wednesday, but the demand from consumers is not active

ZZ3J75741N0R3HJGLU69RVSUFUF4M84Y889VVHNY0J381101V1HNZ8K4K2TG1CH5G80OV7670L7IIU6OWW5N2T55VB5N4216M209YCK2M0O4E4JOW18G77MJ8MYOLNK67KD036B5530LYKOMB1H8SA3EN7BQ511PLLP24TU9NRJ5X8457GG7KXOFHE2984TW665UJM9Q 11W7R881OQWK1J76SHDQO7KGCIY1XV7BMG8P57Y4UVR109JG2B4C307HKE3BNU8VWRAT84A263FI9JO201Z07E18MKP527616O55VE26OJ720X4BK8C7XNUGR39W3W2K1EU27EZ06G4B673UNMYN0F06FEP29M07L8X0UR35E160015TQ1855PDI2FWZNU148612296M The source said, "Some producers, especially Yunnan Tin, still forecast the price would rise in the future, so I have to hold optimistic attitudes towards the market, though the current demand is still slack."

The trader holds about 10t of tin ingot stocks on hand.

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Silicon metal market keeps firm in South Korea

Silicon metal market continues to go up steadily in China because of higher production cost in winter. However, sources in South Korea told Asian Metal that the local market is relatively stable for the time being and end users are not ready to accept further V5SSZMCV54W4G2X0FHP3GU4BRSP65M0NC5SHSU2F891U7KUF332W0468Q3U4WBHR77P708C5ATV154830S93OYS66H53PO8993O23VVXJA1574LTKRV0C5STY9C4W294CSY1S0SS10NMR87OUMFEX5AIU4S1Y39O2A9648Z16EZAN790J33B208Q4E66DD05VNUZX3X4 price increase.

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However, the source is still confident about the future silicon metal market and he expects to see more demand from end users in South Korea late this November or early December.

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second trader in South Korea puts the price of 4-4-1 at around USD1,650-1,660/t CIF Incheon. The source is clear of the price rise in China. However, as he does not see much demand from his customers, he is in no hurry to increase stock at the moment. "We'll keep watching the market for some time, but I don't think silicon metal market will become weak because of this," said the source.

The source usually imports 100-200t of silicon metal from China each month and he believes the market 5AAGA9DNG5U209T52BJNVM00XRWJ4481V77O1U2EWX6ZHT3P0BL86WX38H3R2WN3V070H73C7WH9E7P0US966489GSTKTO807E2BR07NETA5W26Z5J9Y052F3DI82823ZJL7P9664U0V638TS2910K23HVJC8WU66YS4G7J8626E7K3P4N0KY226400OY9U10B149SC2 price will start to increase quickly late this month in South Korean market.

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Magnesium ingot prices continue soaring in Asia

The magnesium ingot 79NE2A4145Z1CD711C3165M30T3E8367SCSO649C8YM9ONV74H9210308LV339RYK97W34G10N923W816263CZ2D4L3GLQ70C6Z3NA7T2OPF7NANX2476ULUI0E9271H04OF4O7A72R1Y6SEN5VRC6EF5NP7X429L7U74H2F80432MDI73Y3SU6TN0V8V00156W2T476 prices in Asian market have been on the rise in the past couple of months prompted by the strengthening market in China, sources reported to Asian Metal today.VW8H2N2LDE5095LF5OB5T4Y3V73KANNEZ87N3MDCGEU96GX811JA0X2436NJ99A90657XA002M0LV04366UR8088Z9XAK678DL6JBJF6M3QV613BM367417BW07RS8YX65G4D7X0CDU359XDTKC4BLHFH02O17847E64I4444ZT1O5G871419E75O2SXWR7W7O9J9T9G
Q3ZMYM82VK4H0Y458ZR9IA6SEP2XX8X7P0LRE8ZYBHKD77TSXS8KL34U5V4T4XN184IW2759SM85H6R7KINXNI92M4EHCDU3R7XH3394Y1ZTZU38P007VFFI1UVS98YW23L1WAG70Q1Z0NCHSA62516370PI312VYJDU99UZ2EP580CHZ65OAN3L637I5MA4X13KVH8N LD7EY7OVAW34036E9XW65ZK200MNR1MDE34813747B37WR4UCSA5XEC11159RG28731P7Q9I35LTCD3GGL2S7AYQ3RSBF6I6N30QAR4WCRWPBAQX62YFMV1UUXK1Q58SPPM2ETNE36VNZM4X45241UCW717MC102HLR5413P2SQ8C815BM35C2X1PPA2YTHPWAWZ1E2I An aluminum producer in Thailand, who consumes about two containers of magnesium ingot per month, reported that the price of the material has kept rolling up in the past few months. "Our previous purchase was made late October with the contracted price a little higher than USD3,100/t CIF Bangkok for November shipment," said the source, adding that the offer received from China was as high as USD3,350/t CIF Bangkok in the middle of last week and USD3,450/t CIF Bangkok early this week both for December shipment.WUFJF0BS772VU0BHYZSX8I435UGR273626S40MICQJ087ZZ9U0S89VG7YVFH403BP33SLQ79NL1RH1DR70006136L44UJ675123K57P5SGRLRU7603772O0JJZ24G9R5H6977Z1AM08L1FB0Y2IH02LF95Y33A40C5MBE657090YY6337W8W25YI5NQ992J5X4C41B18
2YP8ZYHK2IEN1SZ8CV1IS9F78N6DL40M7R4BE85W3U3K0P28ISGUJZ7Q64PB8606TFY3I43T9609Y60U050MBSY0DV28J1W938296902HF7K1F8YQ5WRD41F4B95H27O9WO2458R56MB8LWO208574OKVHXQ8D8S6MF3ZLYFEFQ135GV13G4F8LW6732I05779L5M061 M012Y230649FYUIHJJNA6WX2UBLU8I35L0LV8JY4CGR7ZKOXTO3K7CB56318EHQYJB8532SFOOO9520OHVM051M3UE28E6H4OES6OAX735XFA6ZLE312H24CHXY816P3FRE4797E6NYQOU68RK4FD6GWM6KHIL7868523K4876954820B282J5AY6VYH9392A9Z13M49 "Since our consumption of magnesium ingot is small, we can bear the price increase. However, consumers, who need to purchase hundreds of tons of the material per month, may endure great hardships due to the price hike," said the source. 9S54F589LI86QN6K3L3HYE93J7F94Y2C4K6K745D053WWSB0LW0PU7F0M0XG90S11D0602N8742X7G7Y742JL2YJ9AAPIQ7J21Z4100KYCSBR4C1549TC9IRXY8D79KDX66B32I088ZOTNG0ECPCACPE7DP153CR4Z3RAX6Z69HS2S58SQJP49B1OTOY9X0F0IGP34H4
IWY9Z4CRX873YE69NHTS8VS7Q56K6P89B4MZWXTX7A6J1329ZO65F86Y2QHA36KT397H8CCQF61E4VT019H8W7NU6385IDW7K7XA12LD507A182516ARYVLN9ANI83415Y2N1SA69M5E4SA54Y0J7GSK585LB44H980AVRB4T29WR6JI1C7EMGPQP02GISEJYU5S6I8T 9E75277P2110B75LAEE4M66WFHEO0013DUR369D6FFN345CRGH7A7FSR2D7GF5914A917OXUKKIA53CP7EV58I27R274ID2TG0VZ8723007J6H74895G9E4IR96N50HLS2ME184543060R3NU0FMNA66OJ4O144MC6GZYASP84L0ZTB0SN0L5C1BOW59LT8B6UH64538 A Korean trader confirmed that the magnesium ingot prices have been hiking in the past couple of months, especially in Oct and November. "Some of our customers had expected the market would cool down in fourth quarter, but to their disappointment, the market rose at a faster pace from October," said the source. Some consumers have to accept whatever Chinese suppliers ask in order to maintain normal production, but others choose to hold back from purchasing and wait for the market to calm down.Z6X5FAQ20YLM49IMSX0RA0K3CUD1Q1B5T1RJMMTD48RV9LD2C7L4RRE3B252400ETWWPOW2S0331G3L288K62JNDK5OJHQ6DHZRM64L2F97661LTE51UX36Z49KWI01TN73IA4NA1S0SJV4AJ9V8Z9T1K62Z7QSG7K13WC7F1Z5MQ762S3VI7H1Y59M995QXGF37NSLD
59M39SD3IAOB7G9J7U1KS7K2N0JAC5DB6W4T53E4MMY70DQ0L4T169082NW8SIZ09URMXV4CVNR2BKR8IF7JJ2B127V6EQH2PA3SCJ3Q5KY80H30T42206TJV84PR6I98T8TK2Y1A3071BV8X27AC4KV1F00O734YGJ81P603REJ8Y45A0I9QZ1760W39A5Y1U1FN85P The source reported to have received offers of USD3,500-3,550/t CIF Pusan for December shipment early this week but decided not to buy at such high prices.6FMXGMCKN81SOT8VATLA400KV7O3ES1IYV7SNN2BR250GHO34SXV52L1DV75886T6SM06O0OGPQ5X48HMB9HTSOX0X6XO6779CZ299N15Z437OZ8F0Z625OW715T64YLEH446XC97S3UC72HXZBFE17GMX5HGOHELM2X96940AQBD2UW805FY623N3B871D1DZNXE4H7
JT2BZ9895M4E862A8SKC8S173N56W8SLHE49P89XD2XIF030Q4ZK0UQG8VZZ8S78X742LS8N4P2KX943E3M168CN0WK3HDV5LO5B76807986CNP076FR727V49B033F71A9US92RH36IBA24673ESB83GIF2HS1XHHXQR8E7IFFQBSM81V1XSQ746G12338016S8869J Meanwhile, an Indian trader, who usually imports several containers of magnesium ingot per month from China, revealed that the offer he received yesterday was as high as USD3,700/t CIF Mumbai with shipment next January, but he has no intention of buying at such a high price. The source confirmed that the magnesium ingot market runs out of control, citing that he bought a container at USD3,480/t CIF Mumbai last week for December shipment.

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China to bar foreign investment in non-renewable mineral resources

updated: Nov.8 2007
China will bar foreign companies from investing or exploring in some
major non-renewable mineral resources, according to a policy statement
issued by the Ministry of Commerce and the National Development and
Reform Commission (NDRC).
Tungsten, tin, antimony, molybdenum and rare earth exploration are in
the 'prohibited' category for foreign companies, according to the
latest issue of Foreign Investment Industry Guidance Categories.
Under the new guidance, the government will restrict foreign
investment in the refining of copper, zinc, aluminum and rare earths.
Exploration for gold, silver and platinum will be on the are stricted'
list, the guidance shows.
The 'encouraged,' are stricted' and 'prohibited' categories are used
as principles in the government's examination and approval of
projects.
Foreign firms will also be restricted or forbidden to invest in
projects which emit high amounts of pollution or consume excessive
amounts of energy.
China welcomes foreign investment in oil shale, oil sands, heavy oil
and superheavy oil, according to the guidelines.
But the guideline categories limit foreign investment in oil refining.
The country will, however, encourage foreign firms to invest in
renewable energy, ecological, and environmentally-friendly projects,
the guidance added.
The government will 'prudentially' open up strategic industries
involved in matters of economic security to foreign investors,
according to the statement.
The Ministry of Commerce and the NDRC said that China will not focus
solely on an export-oriented trade policy amid a large trade surplus
and surging foreign reserves.
The guidelines will take effect on Dec 1.
(Source: XFN-ASIA. To contact the reporter on this story: kelly.zang@xfn.com)

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China Minor Metals market price

All prices display on this website include VAT.
Products Type Place&Brand Price Update
#1 Magnesium ingot ≥99.99% Hebi, Wenxi 25100-25300 CNY/t Nov 09
#1 Antimony ingot ≥99.85% Henan, Guangxi 42500-43000 CNY/t Nov 09
#2 Antimony ingot ≥99.65% Yunnan, Guangxi 42000-42500 CNY/t Nov 09
#0 Antimony ingot ≥99.91% China 43000-43500 CNY/t Nov 09
electrolytic Manganese ≥99.8%(in bags or in drums) Chongqin,
Hunan, Qinghai 19000-19300 CNY/t Nov 09
Manganese 95%-98% Chongqin, Hunan, Qinghai 20500-21000 CNY/t Nov 09
#0 Cadmium (ingot and bar) ≥99.995% China 66000-71000 CNY/t Nov 09
#1 Cadmium (ingot and bar) ≥99.99% Imported 65000-67000 CNY/t Nov 09
#1 Cobalt ≥99.8% Jinchuan, Zambia 600000-615000 CNY/t Nov 09
refined Bismuth ≥99.994% China 190000-195000 CNY/t Nov 09
#1 Chromium ≥99.2% 99A(coarse powder, fine powder) Imported, China
70000-71000 CNY/t Nov 09
#1 Titanium sponge ≥99.6% China 90-100 CNY/kg Nov 09
#1 Zirconium sponge ≥99% China 200-220 CNY/kg Nov 09
Silicon #553-#3303 Guizhou, Fujian, Yunnan 11700-13200 CNY/t Nov 09
Indium ≥99.99% Hunan, Huludao 3500-3700 CNY/kg Nov 09
#1 Tungsten bar ≥99.5% China 380-400 CNY/kg Nov 09
Calcium ≥98.5% China 32000-35000 CNY/t Nov 09
Selenium ingot ≥99.99% China, Imported 800-900 CNY/kg Nov 09
Selenium ingot ≥99.9% China 650-700 CNY/kg Nov 09
Selenium powder ≥99.99% China, Imported 700-800 CNY/kg Nov 09
Selenium Powder ≥99.9% China 600-650 CNY/kg Nov 09
#1 Potassium (industry level) ≥98.00% China 128000-132000 CNY/t Nov 09
#1 Sodium ≥98.00% China 105000-108000 CNY/t Nov 09
Niobium ≥98% Shanghai 550-650 CNY/kg Nov 09
Vanadium ≥99.5% China 2800-3000 CNY/kg Nov 09
Hafnium ≥99% China 5000-6000 CNY/kg Nov 09
Gallium ≥99.99% Jiangsu 6000-6500 CNY/kg Nov 09
Beryllium ≥98% China 6000-6500 CNY/kg Nov 09
#1 Molybdenum ≥98% China 480-500 CNY/kg Nov 09
Lithium ≥99% Xinjiang 500000 CNY/t Nov 09
Tellurium ≥99.99% China 880-900 CNY/kg Nov 09
Germanium ingot 50 Ω/cm Shanghai Longtai 9800-9900 CNY/kg Nov 09
Rhenium 99.95% China 71000-75000 CNY/kg Nov 09
Arsenic ≥99.5% China 13000-15000 CNY/t Nov 09

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